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  2. Chapter 15, Title 11, United States Code - Wikipedia

    en.wikipedia.org/wiki/Chapter_15,_Title_11...

    Chapter 15 incorporates the Model Law on Cross Border Insolvency drafted by the United Nations Commission on International Trade Law.The law provides solutions to problems which arise in connection with cross-border bankruptcy, allowing US courts to issue subpoenas, orders to turn over assets, stays on pending actions, and orders of other types as circumstances dictate.

  3. United States Trustee Program - Wikipedia

    en.wikipedia.org/wiki/United_States_Trustee_Program

    The U.S. Trustee does not have prosecution powers, but is required by law to refer information regarding potential criminal violations of bankruptcy laws to the United States Attorney. [2] Interim trustees serve by the U.S. Trustee's appointment in Chapter 7 cases. Generally the interim trustee is assigned at random from a "panel" of qualified ...

  4. Insolvency - Wikipedia

    en.wikipedia.org/wiki/Insolvency

    In India, bankruptcy and insolvency are generally regulated by the Insolvency and Bankruptcy Code 2016. The Insolvency and Bankruptcy Board of India (IBBI) is the regulator for overseeing insolvency proceedings and entities like Insolvency Professional Agencies (IPA), Insolvency Professionals (IP) and Information Utilities (IU) in India.

  5. China Evergrande seeks Chapter 15 protection in Manhattan ...

    www.aol.com/news/china-evergrande-seeks-chapter...

    The company sought protection under Chapter 15 of the U.S. bankruptcy code, which shields non-U.S. companies that are undergoing restructurings from creditors that hope to sue them or tie up ...

  6. Bitcoin Bankruptcy: What the Heck Is Chapter 15? - AOL

    www.aol.com/news/2014-03-16-bitcoin-bankruptcy...

    Bitcoin has become a worldwide craze, and the failure of the Mt. Gox Bitcoin exchange rattled the entire market for the cybercurrency. But when Mt. Gox filed for bankruptcy protection in the U.S ...

  7. Evergrande Group - Wikipedia

    en.wikipedia.org/wiki/Evergrande_Group

    On 17 August 2023, Evergrande filed for Chapter 15 of the U.S. bankruptcy code for protection from creditors, with the U.S. bankruptcy court in Manhattan. [18] On 28 August 2023, Evergrande stock plunged in Hong Kong as trading resumed after a 17-month suspension, tumbling by 79 per cent to 35 HK cents, as opposed to the pre-suspension price of ...

  8. What to know about financial insolvency

    www.aol.com/finance/everything-know-financial...

    Bankruptcy is a legal status involving court processes under U.S. Code: Title 11, better known as the Bankruptcy Code. It often requires the involvement of lawyers and may result in court orders ...

  9. Bankruptcy of Lehman Brothers - Wikipedia

    en.wikipedia.org/wiki/Bankruptcy_of_Lehman_Brothers

    The bankruptcy of Lehman Brothers, also known as the Crash of '08 and the Lehman Shock, on September 15, 2008, was the climax of the subprime mortgage crisis. After the financial services firm was notified of a pending credit downgrade due to its heavy position in subprime mortgages, the Federal Reserve summoned several banks to negotiate ...

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