PPRuNe Forums - View Single Post - Transjet filed chapter 11
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Old 31st Jul 2002, 14:55
  #12 (permalink)  
steamchicken
 
Join Date: Mar 2002
Location: Surrey, UK
Posts: 898
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Can you file for Ch.11 protection in Sweden? It's part of the US bankruptcy code - and is the famously lenient provision which allows you to trade on whilst restructuring, freezing your debts at the same time. (as opposed to Ch.9 which is full-scale bankruptcy)
I'm not sure you could use it outside US jurisdiction. Most countries' bankruptcy provisions are much nastier. Don't know about Swedish law though.
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