Glossary entry (derived from question below)
Swedish term or phrase:
återvinning till konkursboet
English translation:
reclamation by the bankruptcy estate
Added to glossary by
Lee Penya
Mar 3, 2009 15:24
15 yrs ago
9 viewers *
Swedish term
återvinning till konkursboet
Swedish to English
Law/Patents
Finance (general)
Reorganization/bankruptcy
This phrase appears in a "rekonstruktörsrapport":
Upplysning om egendom har frångått gäldenären under sådana förhållanden att den kan bli föremål för återvinning:
Granskningen i återvinningshänseende avser huvudsakligen transaktioner som skett från dagen för ansökan om företagsrekonstruktion den xx november 200x och de sista tre månaderna före denna fristdag. Grund för återvinning saknas. Ej heller i övrigt har jag träffat på förhållanden som kan föranleda ***återvinning till konkursboet***.
Would "recovery by the bankruptcy estate" work?
Thanks!
Upplysning om egendom har frångått gäldenären under sådana förhållanden att den kan bli föremål för återvinning:
Granskningen i återvinningshänseende avser huvudsakligen transaktioner som skett från dagen för ansökan om företagsrekonstruktion den xx november 200x och de sista tre månaderna före denna fristdag. Grund för återvinning saknas. Ej heller i övrigt har jag träffat på förhållanden som kan föranleda ***återvinning till konkursboet***.
Would "recovery by the bankruptcy estate" work?
Thanks!
Proposed translations
(English)
| 4 +2 | recovery to the bankruptcy estate |
Sven Petersson
|
| 4 -2 | recovery in favo(u)r of the creditors |
Nils Andersson
|
Proposed translations
+2
2 hrs
Sven Petersson
Sweden
Sweden
Native in Swedish
&
English
Sweden
Medical Translator
Native in: Swedish 
, English
Works in: English to Swedish, Danish to Swedish, German to Swedish, and 13 more.
Related KudoZ points
:
395
Selected
recovery to the bankruptcy estate
:o)
Reference:
http://courts.michigan.gov/supremecourt/Clerk/10-03/122601/Appellee-Supp.pdf
http://www.era.int/domains/corpus-juris/public_pdf/estonia_bankruptcy_act.pdf
Peer comment(s):
| agree |
De Novi
: Yep! www.internationallawoffice.com/newsletters/detail.aspx?g=44...
5 hrs
|
|
Thank you very much!
|
|
| agree |
Anna Herbst
: recovery by the bankruptcy estate
7 hrs
|
|
Thank you very much!
|
3 KudoZ points awarded for this answer.
-2
1 hr
Nils Andersson
United States
United States
Native in Swedish
&
English
Works in field
United States
Anything technical or legal! Fast and ac
Native in: Swedish , English
Works in: English to Swedish, Swedish to English, German to Swedish, and 6 more.
Related KudoZ points
:
4
recovery in favo(u)r of the creditors
There is AFAIK no snappy term for "konkursboet", so we
have to take it one step further, to the creditors.
--------------------------------------------------
Note added at 9 hrs (2009-03-04 00:49:56 GMT)
--------------------------------------------------
I Sverige, ja.
I engelkspråkiga länder fungerar det inte så.
Prova t.ex.
http://iate.europa.eu/iatediff/SearchByQuery.do
och plocka in Sv->En och "konkursbo"
Referenserna är just till kreditorerna, inte till
"konkursboet" i sig.
Nils
--------------------------------------------------
Note added at 9 hrs (2009-03-04 01:08:32 GMT)
--------------------------------------------------
Of course, it is possible to talk about the "estate" but the problem
is that this is an unknown concept in English. If that route is chosen, an explantion about this needs to be added, or the reader
will most likely think that the bankrupt person is also dead.
Correct, but....
Phrasign it in terms of the creditors, OTOH, is immediately
comprehensible.
Nils
have to take it one step further, to the creditors.
--------------------------------------------------
Note added at 9 hrs (2009-03-04 00:49:56 GMT)
--------------------------------------------------
I Sverige, ja.
I engelkspråkiga länder fungerar det inte så.
Prova t.ex.
http://iate.europa.eu/iatediff/SearchByQuery.do
och plocka in Sv->En och "konkursbo"
Referenserna är just till kreditorerna, inte till
"konkursboet" i sig.
Nils
--------------------------------------------------
Note added at 9 hrs (2009-03-04 01:08:32 GMT)
--------------------------------------------------
Of course, it is possible to talk about the "estate" but the problem
is that this is an unknown concept in English. If that route is chosen, an explantion about this needs to be added, or the reader
will most likely think that the bankrupt person is also dead.
Correct, but....
Phrasign it in terms of the creditors, OTOH, is immediately
comprehensible.
Nils
Peer comment(s):
| disagree |
Sven Petersson
: Konkursboet är en juridisk person; se http://www.ab.se/go.asp?mainpage=http://www.ab.se/mainframe/... Det är därför vilseledande att skriva "in favo(u)r of the creditors".
5 hrs
|
| disagree |
Anna Herbst
: Konkursboet is the debtor, not the creditor. This is a very serious mistake, Nils. Good US info at http://topics.law.cornell.edu/wex/Bankruptcy/ See my discussion point.
9 hrs
|
|
No, not a mistake. Of course the "bankruptcy estate" is the debtor, but anything recovered by the estate is in turn in favor of the creditors. And, again, I tried to provide a translation easily comprehended by a US or UK reader.
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Discussion
I still maintain that Nils' translation of "återvinning till konkursboet" as "recovery in favour of the creditors" is a grave mistranslation. "Konkursboet" is the debtor, not the creditor. A recovery in favour of the debtor may well in the end benefit the creditors, but that is for the courts to decide.
Further to Nils' answer, the term "bankruptcy estate" is certainly not an unknown concept in English. It is used in bankruptcy law in Australia, NZ, the UK and the US. That it would be mistaken for "deceased estate" as suggested is unlikely.