estar en suspensión de pagos
be in receivership
The phrase 'estar en suspensión de pagos' in Spanish translates to 'be in suspension of payments' in English. This expression is used in business context where a person or company is not paying their debts and is insolvent. They are unable to meet their liability obligations due to lack of funds or cash flow issues. It can be a sign of financial distress and in some cases, may lead to bankruptcy proceedings.
Example sentences using: estar en suspensión de pagos
La compañía tuvo que estar en suspensión de pagos debido a sus deudas.
The company had to be in default due to its debts.
In this example, the phrase 'estar en suspensión de pagos' refers to a company being unable to make its required payments due to financial difficulties, which is commonly referred to as being 'in default' in English.
Desafortunadamente, muchas empresas podrían estar en suspensión de pagos debido a la pandemia.
Unfortunately, many businesses may be in default due to the pandemic.
Here, the phrase 'estar en suspensión de pagos' is used to refer to the possibility of many businesses not being able to make their payments due to the economic consequences of the pandemic.
Si continúan las pérdidas, pronto tendríamos que estar en suspensión de pagos.
If the losses continue, we would soon have to be in default.
In this sentence, 'estar en suspensión de pagos' is referring to a potential future situation where, if financial losses continue, the speaker or group they are part of might not be able to make their requisite payments, or be 'in default'.