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Aoyuan joins a small but growing list of Chinese developers – as well as other non-US debtors – to tap Chapter 15 bankruptcy system to more efficiently deal with offshore creditors or handle cross-border assets.

Builder China Aoyuan seeks debt restructuring recognition in US

China Aoyuan Group filed for Chapter 15 bankruptcy in New York on Wednesday (Dec 20), a move by the defaulted property developer to seek US court recognition for its offshore debt restructuring and wa...

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