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International Law

: International Asset Recovery Law Blog

Collecting Debts from Bankrupt Foreign Companies

By Michelle Schindler

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Creditors of bankrupt foreign companies may have an alternative remedy in United States courts for recovering their debts. A recent case in the Southern District of New York, Osanitsch v. Marconi PLC, 363 B.R. 361 (S.D.N.Y. 2007), addressed the procedure for filing claims against foreign companies that have declared bankruptcy in a country other than the United States. When a foreign company files bankruptcy in its home country, often it will file an ancillary proceeding in the U.S. under S read more

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Full post as published by International Asset Recovery Law Blog on December 21, 2007 (boomark / email).

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