Foreign Main Proceedings

Foreign Main Proceedings are legal bankruptcy or insolvency cases filed in a jurisdiction outside the United States that are recognized as the primary proceeding related to a debtor’s assets or affairs. They are deemed "main" because they address the debtor's principal place of business or residence. Recognizing these proceedings allows U.S. courts to collaborate with foreign courts, coordinate asset management, and provide legal protections across borders, ensuring consistent treatment of the debtor's estate internationally. Essentially, they are the primary legal processes in another country that impact international insolvency handling.