Chapter 15 Sample Clauses

Chapter 15 refers to the section of the U.S. Bankruptcy Code that governs cross-border insolvency cases. It provides a legal framework for dealing with cases where a debtor has assets or creditors in more than one country, allowing foreign representatives to access U.S. courts and seek recognition of foreign insolvency proceedings. This clause facilitates cooperation between U.S. and foreign courts, ensuring efficient administration of international bankruptcy cases and protecting the interests of all parties involved.