"Bankruptcy Chapter 15"
Bankruptcy Chapter 15 is a complex and often misunderstood area of the bankruptcy code. This chapter provides for the recognition of foreign bankruptcies in the United States, and has been used by companies like Lehman Brothers and General Motors.
While Chapter 15 has been around for many years, it was significantly amended in 2005 in response to the Enron scandal. The new rules were designed to make it more difficult for companies to use Chapter 15 to shield assets from creditors.
Despite these changes, Chapter 15 remains an important tool for businesses with global operations. It can provide much-needed relief to companies that are facing financial distress in multiple countries.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FASTER!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706