Termination of business



Presentations – handout, KEY:
•1. death
•2. bankruptcy
•3. undischarged
•4. ordinary
•4. limited liability
•6. due
•7. bankruptcy
•8. voluntary arrangement
•9. compulsory liquidation
•10. receivership

•11. court
•12. bankruptcy
•13. compulsory liquidation
•14. solicitors
•15. liquidators
•16. bankruptcy order
•17. debtor
•18. trustee
•19. bankrupt’s estate
•20. creditors

•21. winding-up order
•22. directors
•23. assets/property
•24. dissolved
•25. debtor’s assets and liabilities
•26. creditors
•27. claims
•28. ruling
•29. trustee
•30. resolution
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•úpadek, bankrot, konkurz

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•úpadek, bankrot, konkurz
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•bankruptcy

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•dlužník a věřitel

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•dlužník a věřitel
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•debtor and creditor

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•stát se splatným

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•stát se splatným
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•to become due

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•nedostatek prostředků

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•nedostatek prostředků
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•lack of means

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•správce konkurzní podstaty

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•správce konkurzní podstaty
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•trustee/official receiver/insolvency practitioner

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•a bankrupt

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•a bankrupt
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•konkurzní dlužník

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•to file a petition for bankruptcy
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•

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•to file a petition for bankruptcy
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•podat návrh na konkurz
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•

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•to be wound up
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•to be wound up
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•být zlikvidován
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•to discharge the debtor from obligations
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•to discharge the debtor from obligations
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•zbavit dlužníka závazků
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•to adjudicate someone bankrupt
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•to adjudicate someone bankrupt
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•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