Dec 20, 2019 09:57
4 yrs ago
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Italian term

Clienti Pignorati

Italian to English Law/Patents Law (general)
This is from an insolvency document

Di seguito vengono rappresentati i crediti certi, liquidi ed esigibili vincolati dal Pignoramento BPL
(numeri esposti in migliaia di Euro):

[Table with statistics]

Totale Clienti Pignorati Esigibili

Proposed translations

11 mins
3 KudoZ points awarded for this answer. Comment: "Went with Foreclosure Clients"
33 mins

Distrained Customer Receivables (levied execution against)

Scots law: Diligence carried out (execution levied) against customers / for accounts receivable.

Judgment debtors turn into (levy of) execution debtors. Money recoverable from them post-distraint (levy of distress) will go into the insolvency pool or pot for distribution.

I don't think this is a pledgor or chargor /mortgage debtor scene.

Foreclosure is usually of mortgages of land in the UK but can, in the US, be of goods.
Example sentence:

Distraint or distress is "the seizure of someone's property in order to obtain payment of rent or other money owed", especially in common law countries.

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