China’s Evergrande Group files for Chapter 15 bankruptcy in New York

中 헝다 그룹, 뉴욕 법원에 ’챕터 15’ 파산 보호 신청 Chinese property developer Evergrande Group on Thursday filed for Chapter 15 bankruptcy protection from creditors at a U.S. bankruptcy court in Manhattan. The filings come as the group looks to provide more time to consider a fresh restructuring plan. Non-U.S. companies file Chapter 15 to block creditors who want to file lawsuits or tie up assets in the United States. Tianjin Holdings, a related company, also sought Chapter 15 protection on the same day. Since the real estate debt crisis unfolded in 2021, companies behind 40 percent of Chinese home sales have defaulted, with China Evergrande Group being the world’s most heavily indebted property developer. #US_bankruptcy_court #Evergrande_Group #Chapter15 #UnitedStates #China #Chinese_property_developer #bankruptcy_protection #economy #중국_헝다 #챕터15 #Arirang_News #아리랑뉴스 📣 Facebook : 📣 Twitter : 📣 Homepage : 2023-08-18, 09:00 (KST)