Haushaltssperre

creditors' meeting

noun GLOIY-bi-ger-fer-zam-loong Rare

Usage Note

Gläubigerversammlung is a formal meeting of all creditors during insolvency proceedings to decide how assets are distributed and to approve the insolvency administrator's plan.

Examples

"Wegen der Haushaltssperre wurden Förderprojekte gestoppt."

Natural Translation

The creditors' meeting approved the restructuring plan.

Literal Translation

The creditors'-meeting voted the restructuring-plan to.

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