What is Chapter 15 Bankruptcy?
According to Bankruptcy Basics published by the United States Bankruptcy Court:
“The purpose of
Chapter 15, entitled Ancillary and Other Cross-Border Cases, is to provide an effective mechanism for dealing with cases of cross-border insolvency. This publication discusses the applicability of
Chapter 15 where a debtor or its property is subject to the laws of the United States and one or more foreign countries.”
(
http://www.uscourts.gov/bankruptcycourts/bankruptcybasics/process.html)
Contact West Palm Beach Bankruptcy Attorney Office today to learn more
about
Chapter 15 Bankruptcy.