International Bankruptcy Litigation

International bankruptcy litigation refers to legal proceedings that occur when a business or individual with debts has assets in multiple countries. These cases involve navigating different countries' laws and regulations to fairly resolve claims from creditors, distribute assets, and address insolvency. Given the complexities of varying legal systems, it often requires cooperation between jurisdictions to ensure that the bankruptcy is handled consistently. International bankruptcy litigation aims to protect creditors' rights while giving debtors a chance to reorganize or liquidate their finances in a structured manner.