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单词 insolvency practitioner
释义

Examplesofinsolvency practitioner

insolvency practitioner
The proposal must be approved by a licensedinsolvencypractitionerwho will convene a meeting of creditors to consider it.
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This is a formal arrangement through aninsolvencypractitionerto pay an agreed amount off your debts over a fixed period.
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A company voluntary arrangement can only be implemented by aninsolvencypractitionerwho will draft a proposal for the creditors.
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The fees charged by theinsolvencypractitionerwill be deducted from these payments.
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So at the transfers time there was no insolvency proceeding under the supervision of aninsolvencypractitioner.
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The management of the company is usually replaced by aninsolvencypractitionerwhose statutory duty is to rescue the company, save the business, or get the best result possible.
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The procedure takes place under the supervision of aninsolvencypractitioner, to whom the directors will submit a report on the company's finances and a proposal for reducing the debt.
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Only a firm of licensedinsolvencypractitionercan perform liquidations, but there are now several firms offering cheap members voluntary liquidations to cater to this market.
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Second, special provisions concern the adoption of employees' contracts by an administrator or otherinsolvencypractitioner, but apparently with various limits on the obligations that survive.
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In order to succeed the claimant must establish that the administrator has made an error which a reasonably skilled and carefulinsolvencypractitionerwould not have made.
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These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
#https://dictionary.cambridge.org//dictionary/english/insolvency-practitioner##
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更新时间:2025/2/5 18:43:39