order for relief
French translation: ordonnance de redressement
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| 06:48 Mar 7, 2019 |
| English to French translations [PRO] Law/Patents - Law (general) | |||||||
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|  Selected response from: GILLES MEUNIER France Local time: 09:14 | ||||||
Grading comment
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| Summary of answers provided | ||||
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| 3 +2 | ordonnance de suspension des actions des créanciers |
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| 4 -1 | ordonnance d'allègement de la dette |
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| 4 -2 | ordonnance de redressement |
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| Discussion entries: 6 | |
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Answers
1 hr confidence: 
peer agreement (net): -1
peer agreement (net): -1ordonnance d'allègement de la dette Explanation: order for [DEBT] relief. If the debtors file for Chapter 11, they get protected against bancruptcy, and "relief" means they have to pay less / or nothing. "mplicitement, les CABx estiment que le CCCS (qui tire de l’argent de chaque PGD qu’il établit), de même que les syndics de faillite canadiens (qui tirent parti des faillites) n’ont pas de véritable indépendance, en raison de leur structure de financement.En plus de participer à la discussion sur le projet d’ordonnance d’allègement de la dette, j’ai parlé très longuement avec la personne qui s’occupe du dossier d’«exclusion financière» pour Citizens Advice." https://corporationscanada.ic.gc.ca/eic/site/bsf-osb.nsf/vwa...$FILE/Schwartz-2005-FR.pdf "What is Chapter 11 | Business Debt Relief Lawyers | Shipkevich PLLC https://www.shipkevich.com/what-is-chapter-11/ What is Chapter 11 Bankruptcy? Chapter 11 bankruptcy is a provision the bankruptcy code specifically designed for businesses to obtain relief from debt. In order to file a Chapter 11 bankruptcy, the business is required to propose a reorganization plan indicating how debt will be repaid. After filing a bankruptcy petition, the business has up to four months to submit the reorganization plan. The reorganization plan is a contract between the business and its creditors indicating exactly how funds will be allocated to pay creditors. An attractive feature a Chapter 11 bankruptcy is that it allows the business to still be in control and operate as normal after filing. There are certain business decisions that will still require Court approval. Most Chapter 11 plans indicate some downsizing of the debtor’s operations to free up assets and decrease spending. There are instances in which “liquidating plans” are proposed to provide for a complete shutdown of the debtor’s operations and the sale of its remaining property.." |
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26 mins confidence: peer agreement (net): -2
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