11 U.S.C. § 1501. Purpose and scope of application (a) The purpose of this chapter [11 USCS §§ 1501 et seq.] is to incorporate the Model Law on Cross-Border Insolvency so as to provide effective mechanisms for dealing with cases of cross-border insolvency with the objectives of– (1) cooperation between– (A) courts of the United States, United States trustees, trustees, examiners, debtors, and debtors in possession; and (B) the courts and other competent authorities of foreign countries involved in cross-border insolvency cases; (2) greater legal certainty for trade and investment; (3) fair and efficient administration of cross-border insolvencies that protects the interests of all creditors, and other interested entities, including the debtor; (4) protection and maximization of the value of the debtor’s assets; and (5) facilitation of the rescue of financially troubled businesses, thereby protecting investment and preserving employment. (b) This chapter [11 USCS §§ 1501 et seq.] applies where– (1) assistance is sought in the United States by a foreign court or a foreign representative in connection with a foreign proceeding; (2) assistance is sought in a foreign country in connection with a case under this title; (3) a foreign proceeding and a case under this title with respect to the same debtor are pending concurrently; or (4) creditors or other interested persons in a foreign country have an interest in requesting the commencement of, or participating in, a case or proceeding under this title. (c) This chapter [11 USCS §§ 1501 et seq.] does not apply to– (1) a proceeding concerning an entity, other than a foreign insurance company, identified by exclusion in section 109(b) [11 USCS § 109(b)]; (2) an individual, or to an individual and such individual’s spouse, who have debts within the limits specified in section 109(e) [11 USCS § 109(e)] and who are citizens of the United States or aliens lawfully admitted for permanent residence in the United States; or (3) an entity subject to a proceeding under the Securities Investor Protection Act of 1970 [15 USCS §§ 78aaa et seq.], a stockbroker subject to subchapter III of chapter 7 of this title [11 USCS §§ 741 et seq.], or a commodity broker subject to subchapter IV of chapter 7 of this title [11 USCS §§ 761 et seq.]. (d) The court may not grant relief under this chapter [11 USCS §§ 1501 et seq.] with respect to any deposit, escrow, trust fund, or other security required or permitted under any applicable State insurance law or regulation for the benefit of claim holders in the United States. This information is presented by the consumer protection attorneys of Baxter & Baxter, LLP, a Pacific Northwest law firm with offices in Vancouver, Washington, and Portland, Oregon. Our Portland Oregon bankruptcy attorneys represent Oregon consumers in Chapter 7 and Chapter 13 bankruptcies. Our Vancouver WA bankruptcy attorneys represent Vancouver and other SW Washington consumers in Chapter 7 and Chapter 13 bankruptcies. Call for a free consultation with a bankruptcy attorney today! 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Please read the privacy policy of every external site you visit before disclosing any personal information. “We are a debt relief agency. We help people file for relief under the Bankruptcy Code.” Here is the original post: 11 U.S.C. § 1501. Purpose and scope of application The Portland, Oregon bankruptcy attorneys and Vancouver Washington bankruptcy lawyers of the Bankruptcy Practice Group represent individuals in Chapter 7 and Chapter 13 bankruptcies. We offer a free initial consultation. We can stop collection calls from debt collectors and home foreclosures. We can advise consumers whether to file for bankruptcy, and what form of bankruptcy to file. Our rates are competitive, and an uncontested no-asset Chapter 7 bankruptcy can be filed for as little as a $1,250 attorney fee (plus the applicable court filing fee). If you don’t have the full fee right now, call us to discuss prioritizing your payments. Call today to talk to a bankruptcy attorney . Baxter & Baxter, LLP 1101 Broadway Street, Suite 213 Vancouver, Washington 98660 (360) 574-5239 Washington Bankruptcy Baxter & Baxter, LLP 8835 SW Canyon Lane, Suite 130 Portland, Oregon 97225 (503) 297-9031 Oregon Bankruptcy
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11 U.S.C. § 1501. Purpose and scope of application
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Baxter & Baxter, LLP
8835 SW Canyon Lane, Suite 130
Portland, Oregon 97225
(503) 297-9031
Portland Oregon Bankruptcy
Baxter & Baxter, LLP
1101 Broadway Street, Suite 213
Vancouver, Washington 98660
(360) 574-5239
Vancouver WA Bankruptcy
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