![]() CATEGORIES: BiologyChemistryConstructionCultureEcologyEconomyElectronicsFinanceGeographyHistoryInformaticsLawMathematicsMechanicsMedicineOtherPedagogyPhilosophyPhysicsPolicyPsychologySociologySportTourism |
To file for Chapter 11Fresh funds Equity Onerous A new loans B assets of a company less its liabilities C difficult D statutory framework E to declare bankruptcy p n93: ion on n9 Look at these counter-arguments to the standpoint presented in the article and Decide whether you agree or disagree with them. e 'In my opinion, court restructuring of an insolvent business can result in Negative publicity. This could have a bad effect on the business by reducing consumer confidence: e 'As I see it, out-of-court restructuring is faster and cheaper, as it involves less paperwork (official forms, schedules and procedures). I'm convinced That the time and effort spent on court restructuring can be better spent on rescuing the business: Unit 14 To improve your web-based research skills, visit www.cambridge.orgjeltjlegalenglish.click on Research Tasks and choose Task 14. Unit14 Debtor-creditor E Language :1. Vocabulary: distinguisl)ing meaning Whichwordin each group is the odd one out? Youmay need to consult a dictionaryto distingUishthe differences in Meaning. Precedence Confiscate Demanding Legislation Priority favoured status Possession of relinquish Urgent onerous difficult Legal regime judicial revieW statutory framework 2 Word formation Complete this tablebyfillinginthe abstract 1')0unformof each Of the verbs. Underlinethe stressed syllable in each word with more than one Syllable. Vocabulary:classes of creditors Complete this text about classes of creditors By choosing the correct verb in each case. In every bankruptcy, there are generally three classes creditors. These 1) contain /(jj:clujj / consist secured or lien creditors, priority creditors, and Unsecured or general creditors. Generally, if a secured creditor has 2) perfected / improved / submitted its lien prior to the bankruptcy filing, secured creditor must be 3) entitled / paid / owed order for the debtor to Keep his or her property after the bankruptcy is discharged. A secured creditor Has security for its debt, which can be personal or real property that was 4) borrowed / pledged / attached by the debtor to secure the debt. Priority Creditors have a priority for the repayment of their debt before the unsecured Creditors are paid. Income taxes, wages, child support and administrative expenses 5) collected / suspended / incurred in the bankruptcy are usually Classified as priority creditors. Unsecured creditors are creditors who do not Have any security. Some examples of unsecured debts are credit-card bills, Medical bills and personal loans. Verb i Abstract noun Seize suzure Proceed Execute Secure Liquidate Restructure Asking ql.lestions in al1int~rvieW DeGide wlJiclJsentence beginning (A or B) Can be used to form questions that an applicantmigbt ask a job interview. In some cases, botlJ sentence beginnings can be used to form a question. A Can you tell me sometbing about ,.. B What is ... 1. "'. what you are looking for Tnan associate? 2 ... tlJe atmosphere in tbefirm.. like? 3 ... th.e management structL)re oftlJe firm? 4 ... how attorneys are trained your firm? 5 ... your most important clients? 6 ... tbe firm's attitude toward pro bono Workand communityservice? 7 ... a typical caseload of an associate like? 8 ... how assoGiatesare rotated tlJrough tlJe departments of tlJe firm? 9 ... your area of expertise? Vocabulary: types of trustees Reading 3 mentions several different trustee Date: 2015-12-11; view: 1402
|