BioAmber Inc (fka BIOAQ)

[Brucebannerr]

The debt ridden shell you own shares in . They are in title 11 chapter 15 . Still very much bankrupt . The ccaa was used to liquidate the Canadian assets . Now if you are saying chapter 15 isnt bankruptcy please post a link stating what it is .

46. Once all of the foregoing matters are resolved, the Monitor will seek an order of the Court to distribute
the remaining net proceeds of the Company to the respective Secured Claimants according to their
security and priority. Recognition of this order will also be sought in the Co under Chapter 15 of Title 11 of the United States Code in the U.S. Bankruptcy Court for the District of
Delaware.

Title 11 is subdivided into nine chapters. It used to include more chapters, but some of them have since been repealed in their entirety. The nine chapters are:[2]

Chapter 1: General Provisions
Chapter 3: Case Administration
Chapter 5: Creditors, the Debtor and the Estate
Chapter 7: Liquidation
Chapter 9 : Adjustment of Debts of a Municipality
Chapter 11: Reorganization
Chapter 12: Adjustment of Debts of a Family Farmer or Fisherman with Regular Annual Income
Chapter 13: Adjustment of Debts of an Individual with Regular Income
Chapter 15: Ancillary and Other Cross-Border Cases