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Posts from May 2006.

Often times when a foreign company hears the word “bankruptcy,” a great fear overcomes them. The initial impulse is to ignore the bankruptcy and hope it will go away because of the challenges American bankruptcies can present. However, there are significant opportunities for foreign companies to participate in the chapter 11 reorganization processes in the United States if the company is a creditor, supplier or contract holder with the debtor. Further, even foreign companies that had no direct involvement with the U.S. company prior to the bankruptcy still have opportunities to participate in the reorganization.

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