Delaware Order Confirming Plan - Form 15 - Pre and Post 2005 Act

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US-BKR-F15
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This form is an order confirming a plan. The requirements for confirmation have been met and the form must be signed by the presiding judge. This form is data enabled to comply with CM/ECF electronic filing standards. This form is for post 2005 act cases.

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FAQ

Chapter 15 Homosexual conduct is grounds for separation from the Army under the criteria set forth in paragraph 15-3. This includes preservice, prior service, or current service homosexual conduct.

The discharge received by an individual debtor in a Chapter 11 case discharges the debtor from all pre-confirmation debts except those that would not be dischargeable in a Chapter 7 case filed by the same debtor.

As many ?common law? jurisdictions look to the governing law of the debt to determine whether there is effective compromise (the so-called Rule in Gibbs), a Chapter 15 recognition proceeding is a legal step for the U.S. court to formally recognize the effectiveness of the restructuring in the relevant jurisdictions.

Chapter 15 is a section in the U.S. Bankruptcy Code that was added in 2005 to provide for cooperation between U.S. courts and foreign courts when foreign bankruptcy proceedings touch upon U.S. financial interests.

The basic requirements for recognition under chapter 15 are outlined in section 1517(a), namely: (i) the proceeding must be "a foreign main proceeding or foreign nonmain proceeding" within the meaning of section 1502; (ii) the "foreign representative" applying for recognition must be a "person or body"; and (iii) the ...

Chapter 15 gives the foreign representative the right of direct access to U.S. courts for this purpose. 11 U.S.C. § 1509. The petition must be accompanied by documents showing the existence of the foreign proceeding and the appointment and authority of the foreign representative.

Chapter 15 provides debtors, creditors, and other parties in interest involved in insolvency cases in foreign countries a mechanism by which they can assert their rights. Generally, a chapter 15 case is supplementary to a primary case or proceeding commenced in a debtor's home country.

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Delaware Order Confirming Plan - Form 15 - Pre and Post 2005 Act