The world’s most indebted property developer defaulted in 2021 and announced an offshore debt restructuring program in March.
China's heavily indebted property developer Evergrande group on Thursday filed for Chapter 15 bankruptcy protection in a U.S. bankruptcy court.
In a filing in the Manhattan bankruptcy court, the firm sought recognition of restructuring talks under way in Hong Kong, the Cayman Islands and the British Virgin Islands. The company proposed scheduling a Chapter 15 recognition hearing for Sep 20. The world's most indebted property developer defaulted in 2021 and announced an offshore debt restructuring program in March.
China's heavily indebted property developer Evergrande group on Thursday filed for Chapter 15 bankruptcy protection in a U.S. court. In a filing to the Manhattan bankruptcy court, the firm sought recognition of restructuring talks under way in Hong Kong, the Cayman Islands and the British Virgin Islands.Get San Diego local news, weather forecasts, sports and lifestyle stories to your inbox.
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