As part of a Chapter 15 proceeding, the U.S. bankruptcy court may authorize a trustee to act in a foreign country on behalf of the U.S. Bankruptcy Court.

Question

Quizplus · Accepted Answer

This is true. Under Chapter 15 of the U.S. Bankruptcy Code, the U.S. bankruptcy court may authorize a trustee or other representative to act in a foreign country on behalf of the U.S. court in order to administer the assets of the debtor or protect the interests of the creditors. This is known as a "recognition proceeding."

As Part of a Chapter 15 Proceeding, the U