Embattled Chinese property giant Evergrande Group filed for bankruptcy protection in the United States on Thursday, court documents showed, a measure that protects its US assets while it efforts a restructuring deal. Chapter 15 bankruptcy provides mechanisms for dealing with insolvency cases involving more than one country. Evergrande, once China’s top property developer, was found […]
Embattled Chinese property giant Evergrande Group filed for bankruptcy protection in the United States on Thursday, court documents showed, a measure that protects its US assets while it efforts a restructuring deal. Chapter 15 bankruptcy provides mechanisms for dealing with insolvency cases involving more than one country. Evergrande, once China’s top property developer, was found […]
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