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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.


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