Translation of "clôturer une faillite " (French → English) :

termination of insolvency

closing of bankruptcy proceedings

Bankruptcy and Insolvency Act [ BIA | An Act Respecting Bankruptcy and Insolvency | Bankruptcy Act | An Act Respecting Bankruptcy | Bankruptcy Act, 1949 | The Insolvent Act of 1875 | Act Respecting Insolvency ]

Supervisory Board for Debt Collection and Bankruptcy

bankrupt's assets | bankrupt's estate

rail fence | post-and-rail fence | split-rail fence

debt collection and bankruptcy officer

bankruptcy offence | bankruptcy crime

The average time to complete a bankruptcy in the EU varies between 4 months and 9 years.

(8) The decision of the Superintendent of Bankruptcy after the hearing, together with the reasons for the decision, must be given in writing to the monitor not later than three months after the conclusion of the hearing, and is public.

(8) The decision of the Superintendent of Bankruptcy after the hearing, together with the reasons for the decision, must be given in writing to the monitor not later than three months after the conclusion of the hearing, and is public.

26. Urges the Commission to conduct a study to ensure that accounting standards used by financial institutions give a genuinely true and fair view of banks’ financial health; points out that accounts are the main source of information for an investor to understand whether or not a company is a going concern or not; notes that auditors can only sign off accounts if they are true and fair, independent of the financial standards used by preparers of financial statements; believes that if auditors are unsure that a company is a going concern they should not sign off the company’s accounts, even if they have been drawn up in line with acco ...[+++]unting standards; point out that this should, however, be a driver of better management of the company in question; suggests that international financial reporting standards do not necessarily give a true and fair view of accounts, as shown by numerous examples of banks collapsing despite their accounts having been signed off by auditors;