The Limits of Chapter 15: Staying Litigation Between Nondebtors

The Multichain decision highlights Chapter 15’s limits on staying nondebtor litigation involving assets the debtor does not own.

10 minute read November 01, 2026 at 12:05 AM
By
Andrew C. Kassner and Joseph N. Argentina Jr.
The Limits of Chapter 15: Staying Litigation Between Nondebtors

The increased number of foreign insolvency proceedings and ancillary use of Chapter 15 bankruptcy cases to address assets located in the United States, and to what extent Chapter 15 can be used for various purposes, continues to receive a lot of attention in the bankruptcy bar.

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