Inter American Convention on Insolvency

The Inter-American Convention on Insolvency is an agreement among several countries in the Americas aimed at simplifying cross-border bankruptcy situations. It establishes rules to help manage cases when businesses or individuals in one country face insolvency or bankruptcy but have assets or debts in others. The Convention promotes cooperation between countries to ensure fair treatment of creditors and debtors, helps provide legal clarity, and encourages economic stability across borders. By having a common framework, it makes resolving insolvency cases more efficient and predictable in the region.