Chapter 15

Definition of "Chapter 15"
  1. Part of the Bankruptcy Code that handles insolvency cases involving assets or debtors in more than one country
How to use "Chapter 15" in a sentence
  1. The international corporation filed for Chapter 15 to handle its debts in various countries.
  2. Chapter 15 was enacted to streamline the process for international bankruptcy cases.
  3. If a business has assets or debts outside the US, it may need to consider Chapter 15 for bankruptcy.

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