Glossary entry

Dutch term or phrase:

aansprakelijk in uw privévermogen

English translation:

personally liable

Added to glossary by Willemina Hagenauw
Sep 19, 2019 10:18
4 yrs ago
Dutch term

aansprakelijk in uw privévermogen

Dutch to English Law/Patents Law (general) legacies, estate
Indien de nalatenschap negatief is (er zijn dan meer schulden dan bezittingen), bent u als erfgenaam in uw privévermogen aansprakelijk voor de schulden van de overledene.
Does anyone know the right translation for "aansprakelijk in uw privévermogen" bit? I know what it means but feel that "liable with your private assets" is not correct, unless anyone can confirm that it is? Many thanks for your input!

Proposed translations

+3
59 mins
Selected

personally liable

in uw privévermogen aansprakelijk voor de schulden van de overledene
>>
personally liable (to creditors) for the decedent's debts
Note from asker:
Thank you. I do find quite a few examples of this on Google in the context of estates.
Peer comment(s):

agree Tina Vonhof (X)
14 hrs
Thank you, Tina.
agree philgoddard
18 hrs
Thank you, Phil.
agree sindy cremer
2 days 20 hrs
Dank je wel, Sindy.
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Many thanks to all who contributed."
23 mins

liable with your private assets

I think either of these would do:

“your private assets are liable for”
“liable with your private assets”

see e.g.:

▶ Unincorporated business structures (Rechtvormen zonder rechtspersoonlijkheid)
In these unincorporated legal forms, you (and your private assets) are liable for the debts of your business.

[...]

▶ Incorporated business structures (Rechtvormen met rechtspersoonlijkheid)
In these incorporated legal forms you and your private assets are, in most cases, protected from the debts of your business.

(https://www.iamexpat.nl/career/entrepreneur-netherlands/how-... )

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Note added at 27 mins (2019-09-19 10:46:37 GMT)
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… in the event of an insolvent estate, you are liable for any debts with your private assets
Something went wrong...
2 days 4 hrs

liable in terms of your personal assets

Because of vermogen i would emphasize the fact that it pertains to assets here.
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