Case ancillary to a foreign proceeding
- An effort by the representative of a foreign tribunal under Chapter 15 of the Bankruptcy Code to safeguard the American property of a debtor that is subject to a foreign insolvency proceeding.
- The representative of a London tribunal filed a case ancillary to a foreign proceeding to protect the Florida property of the British debtor.
- To ensure a fair distribution of assets in the main foreign insolvency proceeding, the representative of the foreign tribunal initiated a case ancillary to a foreign proceeding to protect the debtor's U.S. bank accounts from being seized.
- Once the corporate debtor became subject to a foreign insolvency proceeding in Japan, the representative of the Japanese tribunal commenced a case ancillary to a foreign proceeding in New York to halt all stateside collection efforts.
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