The Other Side of the Pond Is Calling

With the increasing number of bankruptcies being filed in the United States, you can also expect an increase in the number of Chapter 15 bankruptcy proceedings. Chapter 15 provides a U.S. Bankruptcy Court with the authority to recognize, either as a foreign main or foreign non-main proceeding, a foreign insolvency case concerning an entity. Further, Chapter 15 codifies the scope of relief that may be available to a foreign representative upon recognition by the U.S. Bankruptcy Court of a foreign case, depending upon whether such foreign case is recognized as a foreign main or foreign non-main proceeding. Make sure you are up to speed on the Chapter 15 process.

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Related Content

• Chapter 15: Recent Developments
  Review this practice note to remain up to speed on the recent developments in Chapter 15 of the Bankruptcy Code. Chapter 15 case law is continuously evolving and counsel should keep apprised of the most recent jurisprudence.

• Restructuring and Insolvency in International Jurisdictions
  Read this practice note discussing insolvencies in international jurisdictions. Those cases are also on the rise!

• Filing a Chapter 15 Case
  Use this practice note when discussing with your clients the pre-filing considerations and requirements for filing a Chapter 15 bankruptcy case.

• Final Recognition of a Foreign Proceeding
  Refer to this practice note to make sure you understand the final recognition of a foreign proceeding under Chapter 15 of the Bankruptcy Code. 

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