Termination of business

Presentations – handout, KEY:1. death2. bankruptcy3. undischarged4. ordinary4. limited liability6. due7. bankruptcy8. voluntary arrangement9. compulsory liquidation10. receivership

11. court12. bankruptcy13. compulsory liquidation14. solicitors15. liquidators16. bankruptcy order17. debtor18. trustee19. bankrupt’s estate20. creditors

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

• úpadek, bankrot, konkurz

• bankruptcy

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• dlužník a věřitel

• dlužník a věřitel

• debtor and creditor

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• stát se splatným

• stát se splatným

• to become due

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• nedostatek prostředků

• nedostatek prostředků

• lack of means

translate into Czech

• správce konkurzní podstaty

• správce konkurzní podstaty

• trustee/official receiver/insolvency practitioner

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• a bankrupt

• a bankrupt

• konkurzní dlužník

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• to file a petition for bankruptcy

• to file a petition for bankruptcy

• podat návrh na konkurz

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• to be wound up

• to be wound up

• být zlikvidován

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• to discharge the debtor from obligations

• to discharge the debtor from obligations

• zbavit dlužníka závazků

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• to adjudicate someone bankrupt

• to adjudicate someone bankrupt

• soudně někoho vyhlásit úpadcem

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

KEY - connotations

• involuntary petition• bankruptcy proceedings•  general meeting•  registered office•  legal person•  official receiver

KEY - verbs

• resolution – to resolve• security – to secure• provision – to provide• petition – to petition• contribution – to contribute• supervision – to supervise