Gläubigerversammlung

creditors' meeting

noun GLOY-bih-ger-fer-zahm-loong Rare

Usage Note

Gläubigerversammlung is the formal assembly of creditors in insolvency proceedings where the Insolvenzplan is presented and voted on. Under German insolvency law (InsO), creditors may form committees and approve restructuring measures here.

Examples

"Die Gläubigerversammlung stimmte dem Insolvenzplan des Unternehmens zu."

Natural Translation

The creditors' meeting approved the company's insolvency plan.

Literal Translation

The creditors-meeting agreed-to the insolvency-plan of-the company.

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