JD Supra

New York Bankruptcy Court Rejects Challenge to Barnet Rule Permitting Foreign Debtors to Obtain Chapter 15 Recognition With Only Minimal U.S. Assets

As chapter 15 of the Bankruptcy Code reaches its 20th anniversary, the volume of chapter 15 cases has increased significantly, and chapter 15 jurisprudence has rapidly matured. Even so, certain ...
Investopedia

Bankruptcy: What It Is, How It Works, and Types

Christian Allred has been a professional writer since 2020. He's written for some of the industry’s top brands and publications, including Rocket Mortgage, PropStream, Propmodo, and CRE Daily.
JD Supra

New York Bankruptcy Court Denies Motion to Terminate Chapter 15 Recognition and Dismiss Chapter 15 Case

Corporate restructurings are not always successful for many reasons. As a consequence, the bankruptcy and restructuring laws of the United States and many other countries recognize that a failed ...
Law

Barbados-Based Bank Is First to File for Chapter 15 Bankruptcy in Florida

Barbados-based Bancafe International Bank is the first company to file for newly established Chapter 15 bankruptcy protection in a federal bankruptcy court in Florida. Chapter 15 filings, established ...