The Wyoming Petition for Recognition of Foreign Proceeding is a legal document filed in the state of Wyoming that allows a debtor to restructure or reorganize debt through a foreign court proceeding. This petition is filed with the Wyoming District Court which then grants recognition of the foreign proceeding. The Wyoming Petition for Recognition of Foreign Proceeding is available in two types: 1. Chapter 15 Petition: This type of petition is filed when a debtor is looking to reorganize their debt through a foreign court proceeding. It is the most common type of petition filed in the state of Wyoming. 2. Model Law Petition: This type of petition is filed when a debtor is looking to restructure their debt through a foreign court proceeding. It is less common than the Chapter 15 Petition. Both types of Wyoming Petition for Recognition of Foreign Proceeding require the filing of a petition, a statement of financial affairs, and a foreign representative's affidavit. The petition must be filed in the Wyoming District Court and must include information on the debtor, the foreign representative, and the foreign proceeding. The statement of financial affairs must provide an overview of the debtor's assets and liabilities. The foreign representative's affidavit must provide a declaration of the foreign representative's authority to act on the debtor's behalf in the foreign proceeding. Once the petition is filed, the Wyoming District Court will review the petition and determine whether to grant recognition of the foreign proceeding. If approved, the court will issue an order recognizing the foreign proceeding and allowing the debtor to proceed with debt restructuring or reorganization.