/sɛˈʃən ʌv ˈprɒpərti tu ˈkrɛdɪtərz/ – Phrase
Definition: chuyển nhượng tài sản cho chủ nợ.
A more thorough explanation: Cession of property to creditors refers to the act of transferring ownership or control of property from a debtor to their creditors as a means of satisfying debts owed by the debtor. This transfer is typically done voluntarily by the debtor or through a legal process such as bankruptcy proceedings.
Example: The debtor’s cession of property to creditors was a necessary step in the bankruptcy proceedings.