428:, which it established as a trial in some judicial districts to assume roles which formerly belonged to the bankruptcy judge and others, including the selection and oversight of private trustees in individual cases. At that time, the other chapters of the Bankruptcy Code described how bankruptcy worked in districts without United States Trustees; original Chapter 15 modified the text of the other chapters for districts with United States Trustees. Section numbers in original Chapter 15 incorporated the section numbers in the main Code that they modified; for example, section 151325 (a section of original Chapter 15) modified section 1325, which sets the requirements of
150:
32:
336:
in certain bankruptcy cases. Under
Chapter 15, a representative of a corporate bankruptcy proceeding outside the United States can obtain access to the U.S. courts. This allows cooperation between the United States courts and the foreign courts, as well as other authorities of foreign countries
401:
The main consideration US courts will take into account in making this decision is whether the laws of the foreign jurisdiction violate the laws or public policy of the United States and whether the foreign courts conduct their proceedings according to basic rules of procedural fairness.
443:. Since original Chapter 15 is now applied in most states, its text was then merged into the main Bankruptcy Code; separate provisions were enacted for Alabama and North Carolina, where other officers of the court assume the role of the United States Trustee.
382:
on pending actions, and orders of other types as circumstances dictate. The ancillary proceeding permitted under
Chapter 15 is often a more efficient and less costly alternative to initiating an independent bankruptcy proceeding in the United States.
357:
in 1978. Section 304 was repealed in 2005 and replaced with
Chapter 15, titled "Ancillary and Other Cross Border Cases". This section has increased the range of options available in the United States in support of foreign bankruptcy proceedings.
409:, whether it prevents fraudulent transfer of debtor's property, whether US creditors are protected against prejudice in the processing of their claims in the other country, and the manner in which assets are distributed.
353:
has a connection to assets or information located in another. Because of the involvement of multiple jurisdictions, unique problems arise, and in response, the United States enacted
386:
Chapter 15 also avoids conflicts and establishes mechanisms for cooperation between US and foreign courts and representatives regarding proceedings which involve the same
53:
166:
371:
104:
398:
Whether the US courts will extend the "additional assistance" sought in connection with a foreign proceeding under
Chapter 15 is a matter of discretion.
76:
83:
90:
472:
367:
467:
72:
435:
Since the trial program was considered a success, Congress in 1984 ordered the creation of United States
Trustees in all states except
429:
232:
227:
222:
217:
212:
309:
374:. The law provides solutions to problems which arise in connection with cross-border bankruptcy, allowing US courts to issue
196:
97:
171:
191:
123:
61:
157:
139:
181:
57:
425:
176:
263:
268:
20:
302:
186:
42:
46:
295:
283:
258:
8:
273:
452:
405:
Among other factors the US courts will consider is how the foreign jurisdiction treats
149:
278:
413:
440:
253:
424:
The original 1978 Bankruptcy Code had a different
Chapter 15 dealing with the
461:
326:
333:
379:
346:
329:
412:
The court may conduct an evidentiary hearing, including considering
31:
406:
375:
436:
350:
387:
416:, to determine whether those and other factors are satisfied.
372:
United
Nations Commission on International Trade Law
419:
19:"Chapter 15" redirects here. For other uses, see
459:
303:
345:It happens with increasing frequency that a
393:
337:involved in cross-border insolvency cases.
60:. Unsourced material may be challenged and
310:
296:
73:"Chapter 15, Title 11, United States Code"
124:Learn how and when to remove this message
323:Chapter 15, Title 11, United States Code
355:Section 304 of the U.S. Bankruptcy Code
460:
340:
453:Chapter 15 of Title 11 at LII-Cornell
473:United States bankruptcy legislation
368:Model Law on Cross Border Insolvency
58:adding citations to reliable sources
25:
13:
468:Title 11 of the United States Code
14:
484:
446:
148:
30:
420:Original Chapter 15 (1978–1984)
158:Bankruptcy in the United States
378:, orders to turn over assets,
1:
426:United States Trustee Program
366:Chapter 15 incorporates the
7:
361:
269:Chief restructuring officer
21:Chapter 15 (disambiguation)
10:
489:
18:
16:Bankruptcy law of the U.S.
246:Aspects of bankruptcy law
394:Discretionary assistance
332:Code that deals with
325:is a chapter of the
54:improve this article
341:Jurisdiction issues
349:proceeding in one
264:Bankruptcy trustee
320:
319:
140:Bankruptcy in the
134:
133:
126:
108:
480:
414:expert testimony
312:
305:
298:
152:
136:
135:
129:
122:
118:
115:
109:
107:
66:
34:
26:
488:
487:
483:
482:
481:
479:
478:
477:
458:
457:
449:
422:
396:
370:drafted by the
364:
343:
316:
141:
130:
119:
113:
110:
67:
65:
51:
35:
24:
17:
12:
11:
5:
486:
476:
475:
470:
456:
455:
448:
447:External links
445:
441:North Carolina
421:
418:
395:
392:
363:
360:
342:
339:
318:
317:
315:
314:
307:
300:
292:
289:
288:
287:
286:
281:
276:
271:
266:
261:
256:
254:Automatic stay
248:
247:
243:
242:
241:
240:
235:
230:
225:
220:
215:
207:
206:
202:
201:
200:
199:
194:
189:
184:
179:
174:
169:
161:
160:
154:
153:
145:
144:
132:
131:
38:
36:
29:
15:
9:
6:
4:
3:
2:
485:
474:
471:
469:
466:
465:
463:
454:
451:
450:
444:
442:
438:
433:
431:
427:
417:
415:
410:
408:
403:
399:
391:
389:
384:
381:
377:
373:
369:
359:
356:
352:
348:
338:
335:
331:
328:
327:United States
324:
313:
308:
306:
301:
299:
294:
293:
291:
290:
285:
282:
280:
277:
275:
272:
270:
267:
265:
262:
260:
257:
255:
252:
251:
250:
249:
245:
244:
239:
236:
234:
231:
229:
226:
224:
221:
219:
216:
214:
211:
210:
209:
208:
204:
203:
198:
195:
193:
190:
188:
185:
183:
180:
178:
175:
173:
170:
168:
165:
164:
163:
162:
159:
156:
155:
151:
147:
146:
143:
142:United States
138:
137:
128:
125:
117:
114:December 2020
106:
103:
99:
96:
92:
89:
85:
82:
78:
75: –
74:
70:
69:Find sources:
63:
59:
55:
49:
48:
44:
39:This article
37:
33:
28:
27:
22:
434:
423:
411:
404:
400:
397:
385:
365:
354:
344:
334:jurisdiction
322:
321:
237:
177:U.S. Trustee
120:
111:
101:
94:
87:
80:
68:
52:Please help
40:
462:Categories
430:Chapter 13
347:bankruptcy
330:Bankruptcy
279:Means test
238:Chapter 15
233:Chapter 13
228:Chapter 12
223:Chapter 11
84:newspapers
407:creditors
376:subpoenas
259:Discharge
218:Chapter 9
213:Chapter 7
167:Authority
41:does not
362:UNCITRAL
205:Chapters
437:Alabama
432:plans.
351:country
172:History
98:scholar
62:removed
47:sources
388:debtor
100:
93:
86:
79:
71:
380:stays
274:Claim
182:Court
105:JSTOR
91:books
439:and
197:FRBP
192:Code
77:news
45:any
43:cite
284:DIP
187:BAP
56:by
464::
390:.
311:e
304:t
297:v
127:)
121:(
116:)
112:(
102:·
95:·
88:·
81:·
64:.
50:.
23:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
