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President Message s CHAPTER 15 ONE DAY MART SATURDAY, JUNE 16, 2007 8 AM 1 PM Gene Galbraith The officers of Southwestern Chapter 15 have planned a full schedule of activities for the coming year.
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Chapter 15 one day is a section of the bankruptcy code that deals with the recognition of foreign bankruptcy proceedings in the United States.
Foreign representatives who seek assistance in the United States with foreign insolvency proceedings are required to file for chapter 15 recognition.
To fill out chapter 15 one day, the foreign representative must submit a petition to the bankruptcy court along with various supporting documents.
The purpose of chapter 15 one day is to provide an efficient legal framework for dealing with cross-border insolvency cases and to promote cooperation between US courts and foreign courts.
The petition for chapter 15 recognition must include information about the foreign proceeding, the foreign representative, and the debtor's assets and affairs.
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