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May 31, 2022 · Chapter 15: A chapter under the U.S. Bankruptcy Code, added to foster a cooperative environment in international insolvencies. Chapter 15's primary goal is to promote cooperation between U.S ...
Jul 26, 2023 · Chapter 15 is a relatively new addition to the U.S. Bankruptcy Code. It was created in 2005 when Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. Before Chapter 15 existed, Section 304 of the U.S. Bankruptcy Code addressed international bankruptcies.
- Legal Writer, Retired Attorney
Chapter 15 is a new chapter added to the Bankruptcy Code by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. It is the U.S. domestic adoption of the Model Law on Cross-Border Insolvency promulgated by the United Nations Commission on International Trade Law ("UNCITRAL") in 1997, and it replaces section 304 of the Bankruptcy ...
Feb 3, 2022 · Chapter 15 bankruptcy allows foreign nationals to file for bankruptcy in the U.S. bankruptcy courts if they have assets, property, or business in multiple countries, including the United States. It was added to the Bankruptcy Code in 2005 by the Bankruptcy Abuse Prevention and Consumer Protection Act. Chapter 15 is the newest adoption of the ...
United Nations Charter, Chapter XV: The Secretariat Article 97. The Secretariat shall comprise a Secretary-General and such staff as the Organization may require.
May 9, 2024 · Chapter 15 bankruptcy is a legal provision in the United States that deals with recognizing and assisting international insolvency cases. It is an integral part of U.S. bankruptcy law. It enables foreign debtors and their representatives to navigate and seek cooperation with U.S. courts in cross-border insolvency matters.
Chapter XV of the United Nations Charter deals with the UN Secretariat. It designates the UN secretary-general as the chief administrative officer of the organization, which includes the staff of ECOSOC, the Trusteeship Council, and other organs. Chapter XV is analogous to Article 6 of the Covenant of the League of Nations .
