English Chapter 15 CHAP-ter fif-TEEN A section of the U.S. Bankruptcy Code that deals with cross-border insolvency cases. It provides a framework for cooperation between U.S. courts and foreign courts in bankruptcy cases involving debtors, assets, or creditors in multiple countries. The multinational corporation's bankruptcy proceedings were complicated by the need to coordinate with various jurisdictions under Chapter 15 of the Bankruptcy Code. Metcalfe & Mansfield Alternative Investments v. Jeoffrey B. Picower (2011) ← Back to BrowseNext Term →