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foreign proceeding

Defined in 1 dictionary — U.S. Code

United States Code

11 U.S.C. § 101 — in this title (2 versions over time)

The term “foreign proceeding” means a collective judicial or administrative proceeding in a foreign country, including an interim proceeding, under a law relating to insolvency or adjustment of debt in which proceeding the assets and affairs of the debtor are subject to control or supervision by a foreign court, for the purpose of reorganization or liquidation.