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Wednesday, November 14, 2018 7:50:48 AM
FOREIGN MAIN PROCEEDING
No. The Chapter 15 was necessary to allow the case to be filed under CCAA.
Chapter 15 was specifically created for cross-border cases. It is ancillary to a primary proceeding, referred to as a FOREIGN MAIN PROCEEDING.
The entire purpose of this case being filed under CCAA was to get out from under certain restrictions of US Bankruptcy laws.
The Chapter 15 was to allow the bankruptcy to be filed under the US Bankruptcy laws
No. The Chapter 15 was necessary to allow the case to be filed under CCAA.
The cross border stuff is meaningless
Chapter 15 was specifically created for cross-border cases. It is ancillary to a primary proceeding, referred to as a FOREIGN MAIN PROCEEDING.
The entire purpose of this case being filed under CCAA was to get out from under certain restrictions of US Bankruptcy laws.
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