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Termination of business
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Presentations – handout, KEY:1. death2. bankruptcy3. undischarged4. ordinary4. limited liability6. due7. bankruptcy8. voluntary arrangement9. compulsory liquidation10. receivership
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11. court12. bankruptcy13. compulsory liquidation14. solicitors15. liquidators16. bankruptcy order17. debtor18. trustee19. bankrupt’s estate20. creditors
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21. winding-up order22. directors23. assets/property24. dissolved25. debtor’s assets and liabilities26. creditors27. claims28. ruling29. trustee30. resolution
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• úpadek, bankrot, konkurz
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• úpadek, bankrot, konkurz
• bankruptcy
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• dlužník a věřitel
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• dlužník a věřitel
• debtor and creditor
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• stát se splatným
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• stát se splatným
• to become due
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• nedostatek prostředků
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• nedostatek prostředků
• lack of means
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• správce konkurzní podstaty
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• správce konkurzní podstaty
• trustee/official receiver/insolvency practitioner
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• a bankrupt
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• a bankrupt
• konkurzní dlužník
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• to file a petition for bankruptcy
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• to file a petition for bankruptcy
• podat návrh na konkurz
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• to be wound up
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• to be wound up
• být zlikvidován
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• to discharge the debtor from obligations
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• to discharge the debtor from obligations
• zbavit dlužníka závazků
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• to adjudicate someone bankrupt
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• to adjudicate someone bankrupt
• soudně někoho vyhlásit úpadcem
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KEY - matching
• bankrupt - a person not being able to pay debts• executor - the person administering a dead
person’s property• bankruptcy - the state of being unable to pay
debts• wound-up - liquidated• dissolved - officially terminated• discharged - freed from bankruptcy
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KEY - connotations
• involuntary petition• bankruptcy proceedings• general meeting• registered office• legal person• official receiver
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KEY - verbs
• resolution – to resolve• security – to secure• provision – to provide• petition – to petition• contribution – to contribute• supervision – to supervise