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Latest revision as of 03:53, 31 December 2024

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Regarding third parties that were exempt to the Brazilian expansion order, the bankruptcy court in Petroforte held the trustee might be entitled to wide exploration to the extent the debtor is a bulk shareholder in the non-debtor exploration target.

Area 1106 of the Bankruptcy Code calls for the trustee to file a plan "as soon as achievable" or, additionally, to submit a record discussing why a strategy will not be submitted or to recommend that the instance be transformed to an additional chapter or dismissed.

But submitting a proof of claim is not needed if the lender's insurance claim is scheduled (yet is not noted as contested, section, or unliquidated by the debtor) because the debtor's timetables are deemed to comprise proof of the legitimacy and amount of those insurance claims.

The court, on movement by a celebration in passion or the united state trustee and after notice and hearing, will buy the appointment of a case trustee for cause, including fraud, dishonesty, incompetence, or gross mismanagement, or if such an appointment is in the passion of financial institutions, any kind of equity safety and security holders, and other rate of interests of the estate.

A case supplementary to a pending bankruptcy case in a foreign nation is started by an international agent" under chapter 15. The international agent has the right of direct access to USA courts for the purpose of submitting an application for acknowledgment of a foreign case" 11 U.S.C. § § 1504 and 1509.