Facing the challenges and opportunities of the global business environment, enterprises may encounter numerous uncertain factors, one of which is the bankruptcy of partners. For example, if a US company files for bankruptcy, its representative office in China will be dissolved accordingly, which undoubtedly brings a series of troubles and uncertainties to relevant creditors. So, for cross - border corporate bankruptcy cases, how should creditors file bankruptcy claims in the United States and query the bankruptcy process of US companies? This article will discuss this issue in detail.

Understand the deadline for filing claims

After a US company applies for bankruptcy, the bankruptcy court will set a deadline for claim declaration. This date is the last chance for creditors to declare their claims. Missing this deadline may result in the loss of the right to recover debts. Therefore, creditors need to pay close attention to relevant information and ensure that they complete the claim declaration before the deadline.

Fill out the claim filing form

The claim declaration form is an important document for creditors to declare their claims to the bankruptcy court. In this form, creditors need to fill in detailed information, including creditor information, claim amount, whether it is a secured claim, and the nature of the claim. The accuracy and completeness of this information will directly affect the confirmation and repayment of the claim.

Choose an appropriate filing method

The ways of claim declaration usually include express mail, personal delivery, and declaration through the court website. For creditors outside the US, choosing the appropriate way of declaration is particularly important. For example, the bankruptcy court in Delaware, US, encourages electronic declaration, which undoubtedly provides convenience for Chinese enterprises far away in China.

Participate in the Creditors Committee

For bankruptcy cases where most of the creditors are from the US, the participation of a Chinese enterprise in the Creditors Committee will bring benefits to the enterprise itself and all Chinese creditors. The Chinese enterprise can put forward its own demands and suggestions at the Creditors Committee meeting, such as adjustments to the material submission method and requirements. Usually, the court will consider and allow some additional ways to facilitate creditors outside the US.

Understanding the bankruptcy process of a US company is crucial for creditors. It not only helps creditors understand how their rights and interests are protected but also helps them keep abreast of the progress and dynamics of the case. The following are some practical methods for checking the bankruptcy process of a US company:

Contact the Companys Investor Relations Department

Creditors can directly contact the investor relations department of the US companys headquarters. This department can provide creditors with more information about the bankruptcy process, including the name, address, and phone number of the court handling the bankruptcy. By communicating with the investor relations department, creditors can obtain first - hand and accurate information about the bankruptcy process.

Check Court Records

In addition to contacting the companys investor relations department, creditors can also directly check the court records of the bankruptcy case. US bankruptcy courts usually publish relevant records and documents of bankruptcy cases on their official websites. Creditors can learn about the latest progress of the bankruptcy case and the courts decisions through these public information.

Hire a Lawyer for Assistance

Considering the complexity of US bankruptcy laws and cross - border legal differences, creditors can also consider hiring professional lawyers to assist in checking the bankruptcy process and safeguarding their rights and interests. Professional lawyers are not only familiar with the relevant provisions of US bankruptcy laws but can also represent creditors in court to strive for the maximum benefits for creditors.

Facing the bankruptcy of a partner, understanding how to declare bankruptcy claims and check the bankruptcy process is basic knowledge that every creditor needs to master. Through the correct procedures and channels, creditors can more effectively safeguard their rights and interests and reduce the risks and losses brought by bankruptcy.