Chapter 15 (of the U.S. Bankruptcy Code)

Chapter 15 of the U.S. Bankruptcy Code addresses cross-border bankruptcy cases involving foreign debtors. It allows a foreign individual or business undergoing insolvency in its home country to seek recognition and assistance in U.S. courts. The aim is to provide an orderly way to handle assets and debts that span multiple countries, promoting cooperation between U.S. and foreign courts. This chapter helps protect the rights of creditors while facilitating the recovery process, ensuring that international trade and investment are supported during financial distress.