Comparison: Cross-Border Chapter 11 Versus Ancillary Chapter 15 Case | Practical Law

Comparison: Cross-Border Chapter 11 Versus Ancillary Chapter 15 Case | Practical Law

A discussion of the key similarities and differences between cross-border Chapter 11 restructurings and ancillary Chapter 15 cases. This note addresses the powers and duties of a foreign representative in a Chapter 15 case compared to the powers and duties of a debtor-in-possession or trustee in a Chapter 11 case, filing eligibility, the role of the US Trustee in a Chapter 15 versus a Chapter 11 case, filing proofs of claims, avoidance powers in a Chapter 15 versus Chapter 11 case, turnover and setoff rights, and more.

Comparison: Cross-Border Chapter 11 Versus Ancillary Chapter 15 Case

Practical Law Practice Note w-035-5068 (Approx. 19 pages)

Comparison: Cross-Border Chapter 11 Versus Ancillary Chapter 15 Case

by Practical Law Bankruptcy & Restructuring
MaintainedUSA (National/Federal)
A discussion of the key similarities and differences between cross-border Chapter 11 restructurings and ancillary Chapter 15 cases. This note addresses the powers and duties of a foreign representative in a Chapter 15 case compared to the powers and duties of a debtor-in-possession or trustee in a Chapter 11 case, filing eligibility, the role of the US Trustee in a Chapter 15 versus a Chapter 11 case, filing proofs of claims, avoidance powers in a Chapter 15 versus Chapter 11 case, turnover and setoff rights, and more.