Glossary entry

German term or phrase:

wird ... besteht die Gefahr der nochmaligen Leistungsverpflichtung

English translation:

there is a risk that the debtor will be obligated to pay again ( this time to the bankruptcy adminis

Added to glossary by Dr. Fred Thomson
Sep 25, 2007 23:03
16 yrs ago
1 viewer *
German term

wird ... besteht die Gefahr der nochmaligen Leistungsverpflichtung

German to English Law/Patents Law (general) insolvency
I'm trying to make sense of a paragraph that would seem standard in insolvency proceedings from this previous question:

http://www.proz.com/kudoz/86947

The full paragraph:

Der Schuldnerin wird die Verfügung über ihr gegenwärtiges und zukünftiges Vermögen für die Dauer des Insolvenzverfahrens verboten und dem Insolvenzverwalter übertragen. Schuldbefreiender Leistungen an die Schuldnerin können nach dem Eröffnungszeitpunk nicht mehr erfolgen, *wird gleichwohl an die Schuldnerin geleistet und gelangen die Mittel nicht zur Masse, besteht die Gefahr der nochmaligen Leistungsverpflichtung gegenüber dem Insolvenzverwalter.*

It may be just the punctuation that's confusing me, but the sense of the part after "besteht" just doesn't come across to me.
Change log

Sep 30, 2007 20:50: Dr. Fred Thomson Created KOG entry

Discussion

Parrot (asker) Sep 26, 2007:
Johanna, you're an angel I've looked (balefully) at that part 100x!
Johanna Timm, PhD Sep 26, 2007:
IMO "erfolgen" should be followed by a period: [...] erfolgen. Wird gleichwohl an die Schuldnerin geleistet[...]"
Parrot (asker) Sep 25, 2007:
I understand the schuldbefreiende Leistung to be coming from a third party in release of the debtor (the debtor is blocked from its assets, oder?)

Proposed translations

+2
8 mins
Selected

there is a risk that the debtor will be obligated to pay again ( this time to the bankruptcy adminis

I believe this is what is meant.

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Note added at 9 mins (2007-09-25 23:13:03 GMT)
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die Gefahr besteht means simply that the risk exists or there is a danger or risk
Peer comment(s):

agree SelecTra
11 hrs
Thank you
agree EMatt
4 days
Thank you, Erika
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thanks to both of you and sorry to be late but my connection's really crummy."
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