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Revision as of 01:18, 13 June 2025

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As to 3rd parties that were not subject to the Brazilian extension order, the bankruptcy court in Petroforte held the trustee might be entitled to broad discovery to the extent the debtor is a bulk stockholder in the non-debtor exploration target.

Section 1106 of the Bankruptcy Code needs the trustee to file a plan "as quickly as achievable" or, conversely, to file a record discussing why a strategy will certainly not be filed or to suggest that the case be transformed to an additional phase or rejected.

But submitting an evidence of claim is not necessary if the creditor's insurance claim is arranged (however is not listed as disputed, section, or unliquidated by the borrower) since the debtor's routines are regarded to make up proof of the legitimacy and quantity of those cases.

The court, on motion by an event in rate of interest or the U.S. trustee and after notification and hearing, shall order the visit of a situation trustee for reason, including fraudulence, dishonesty, incompetence, or gross mismanagement, or if such a visit is in the rate of interest of financial institutions, any kind of equity protection holders, and other passions of the estate.

A situation secondary to a pending bankruptcy case in a foreign nation is begun by a foreign rep" under chapter 15. The international representative has the right of direct accessibility to USA courts for the function of filing an application for recognition of an international proceeding" 11 U.S.C. § § 1504 and 1509.