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Chapter 15 Recognition Limited To Foreign Insolvency, Liquidation, Or Restructuring Proceedings - Insolvency/Bankruptcy - Vimarsana News

Chapter 15 Recognition Limited To Foreign Insolvency, Liquidation, Or Restructuring Proceedings - Insolvency/Bankruptcy

Under section 1515 of the Bankruptcy Code, the representative of a foreign debtor may file a petition in a U.S. bankruptcy court seeking "recognition" of a "foreign proceeding."

Source: mondaq.com