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sin importar la dosis o relación causal
entre censo y censo
Feb 25, 2011 19:02
13 yrs ago
1 viewer *
Spanish term

administrador acreedor

Spanish to English Law/Patents Law (general) Bankruptcy
This term appears in a decision from a commercial court in Spain declaring a company bankrupt. Here is the context:

"Se nombran administradores concursales a Don A, Don B, y al Ayuntamiento de (ciudad), como acreedor.... Hágase saber al ***administrador acreedor*** que por su condición de administración pública, podrá designar como profesional para el ejercicio del cargo a cualquier funcionario con titulación de licenciado en áreas económicas o jurídicas...."

Would this be a "creditors' representative"? The target country is the UK.

Gracias.
Proposed translations (English)
4 +2 insolvency administrator
3 (judicially appointed) lead(-group) creditor qua administrator

Discussion

AllegroTrans Feb 26, 2011:
In other words The translator needs to pay fees to UK and Spanish insolvency law experts or equivalent before he or she can translate this?
Adrian MM. (X) Feb 26, 2011:
Seeking a UK equivalent The asker does stipulate that this is for the UK, implying he is looking for a UK and possibly an Irish term. I believe we need to consider, by process of elimination, why administrative or official receiver, trustee-in-bankruptcy or - in Scotland - curator etc. are not on all fours with the Spanish or Lat. Am. concept.
AllegroTrans Feb 26, 2011:
But this is not UK or Ireland, it is Spain. The asker is a translator and as long as he or she supplies a term that reflects the fact that the administrator is also a creditor, the job is done. It is up to the user to delve further if needs be.
Adrian MM. (X) Feb 26, 2011:
Resolving the conflict of interests It would be useful if, instead of a no-comment agree, our chartered accountants could try and select - from the panoply of UK and/or Irish insolvency procedures - one that would resolve this creditor vs. administrator condundrum.
AllegroTrans Feb 26, 2011:
My answer............ does not reflect what Tom Thumb correctly points out. The administrator is also a creditor and my answer does not reflect this.
Perhaps "creditor-administrator" or Tom's answer?

Proposed translations

+2
38 mins

insolvency administrator

Declined
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Peer comment(s):
agree philgoddard
1 hr
thank you
agree Ruth Ramsey
1 day 20 hrs
Something went wrong...
1 hr

(judicially appointed) lead(-group) creditor qua administrator

Declined
May not be the lead creditor as, from the 2nd web ref, the judge may appoint a bank which is the 3rd highest creditor as more suitable than the top creditor to act a corporate administrator or trustee.

A Committee of Inspection in the UK consisting of creditors can help appoint an administrator. But, unless the insolvency practitioners themsleves are a creditor, this post doesn't look familiar from a UK angle where, incidentally, a winding-up order on the ground(s) of insolvency is made against a company vs. journalistically, declared or adjudged bankrupt, as a private indvidual would be cf. the US which has creditors' reps.

Example sentence:

Many people are beginning to contact a debt consolidation lead creditor to avoid filing bankruptcy and maintain their credit rating www.squidoo.com/creditorharassment

administrador concursal que a los otros dos acreedores con crédito más elevado. En general, el administrador-acreedor contratará y nombrará a un profesional

Reference:

http://www.indicator.es/upload/ESCONCDS_sample.pdf

Peer comment(s):
neutral AllegroTrans : are you suggesting asker uses "(judicially appointed) lead(-group) creditor qua administrator" or is this just academic information?/// aha yes, you are right
59 mins
the phrase minus the brackets. We have an apparent conflict of interest with a creditor acting as administrator which your answer glosses over, despite the agreement.
Something went wrong...
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