foreign proceeding

foreign proceeding
foreign proceeding
Under Title 11 U.S.C. Section 101:
(23) The term "foreign proceeding" means a collective judicial or administrative proceeding in a foreign country, including an interim proceeding, under a law relating to insolvency or adjustment of debt in which proceeding the assets and affairs of the debtor are subject to control or supervision by a foreign court, for the purpose of reorganization or liquidation.

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

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  • foreign — adjective Etymology: Middle English forein, from Anglo French, from Late Latin foranus on the outside, from Latin foris outside more at forum Date: 13th century 1. situated outside a place or country; especially situated outside one s own country …   New Collegiate Dictionary

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