Glossary entry (derived from question below)
Arabic term or phrase:
summary administration
English translation:
(شهادة) إدارة مصغرة / مقتضبة (لممتلكات الجهة المفلسة)
Added to glossary by
Assem AlKhallouf
Feb 17, 2018 22:14
6 yrs ago
5 viewers *
Arabic term
summary administration
Arabic to English
Law/Patents
Law: Contract(s)
1) The power to appoint a person as trustee of a Power to make bankrupt's estate (whether the first such trustee or a trustee appointments.
appointed to fill any vacancy) is exercisable-
(a) except at a time when a certificate for the summary administration of the bankrupt's estate is in force, by a general meeting of the bankrupt's creditors ;
appointed to fill any vacancy) is exercisable-
(a) except at a time when a certificate for the summary administration of the bankrupt's estate is in force, by a general meeting of the bankrupt's creditors ;
Proposed translations
(English)
| 4 | (شهادة) إدارة مصغرة / مقتضبة (لممتلكات الجهة المفلسة) |
Assem AlKhallouf
|
Change log
Feb 22, 2018 10:17: Assem AlKhallouf Created KOG entry
Proposed translations
35 mins
Assem AlKhallouf
Native in Arabic
&
English
MA, PhD, NAATI, APTS.
Native in: Arabic (Variants: Syrian, Standard-Arabian (MSA), Egyptian, Kuwaiti, Saudi , Yemeni, Jordanian, Palestinian, UAE, Sudanese, Iraqi, Lebanese) 
, English (Variants: British, Scottish, UK, US)
Works in: Arabic to English, English to Arabic, Arabic, and 1 more.
Related KudoZ points
:
56
Selected
(شهادة) إدارة مصغرة / مقتضبة (لممتلكات الجهة المفلسة)
(certificate for) the summary administration of (the bankrupt's estate)
“Summary Administration” is a type of probate proceeding in Nevada that exists as an alternative to the full probate proceeding known as a “General Administration.” It’s intended to help modest sized estates avoid some of the cost and delay of general administration. Summary Administration is available only to probate estates that have less than $300,000 of assets (when added together). Keep in mind that you are allowed to subtract any liabilities (such as a mortgage or a car loan) when determining the value of the assets in the estate.
"Summary Administration If the bankrupt is an individual and the realizable assets do not exceed $10,000, the provisions in the Act relating to summary administrations apply.12 In effect, a summary administration is a bankruptcy with little or no unencumbered assets. Until the 1992 amendments to the Act, the threshold was ..."
“Summary Administration” is a type of probate proceeding in Nevada that exists as an alternative to the full probate proceeding known as a “General Administration.” It’s intended to help modest sized estates avoid some of the cost and delay of general administration. Summary Administration is available only to probate estates that have less than $300,000 of assets (when added together). Keep in mind that you are allowed to subtract any liabilities (such as a mortgage or a car loan) when determining the value of the assets in the estate.
"Summary Administration If the bankrupt is an individual and the realizable assets do not exceed $10,000, the provisions in the Act relating to summary administrations apply.12 In effect, a summary administration is a bankruptcy with little or no unencumbered assets. Until the 1992 amendments to the Act, the threshold was ..."
4 KudoZ points awarded for this answer.
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