Michael C. Schneidereit

2 months ago | jdsupra.com | Corinne Ball |Dan Moss |Michael C. Schneidereit

It is generally recognized that an order of a U.S. bankruptcy court recognizing a debtor's foreign bankruptcy proceeding as a "main" proceeding under chapter 15 of the Bankruptcy Code triggers the automatic stay preventing creditor collection efforts against the debtor and its U.S. assets.