Thread: Is Britain heading for chapter 11 ?
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Old 21-04-2008, 18:33   #4
SMHarman
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Re: Is Britain heading for chapter 11 ?
Well being as C.11 is a US Financial Restructuring (financial restructuring under chapter 11 of the US bankruptcy code) and these companies would be using UK law such as the IA'86 and EA'02 and be put into insolvency.

http://en.wikipedia.org/wiki/Bankrup...uptcy_chapters
http://en.wikipedia.org/wiki/Adminis...8insolvency%29

/Pedant mode off
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