Daehan Shipbuilding representative requests Chapter 15 case closure

By Caroline Salls

Pittsburgh, Oct. 16 – Daehan Shipbuilding Co., Ltd.’s foreign representative asked the U.S. Bankruptcy Court for the Southern District of New York to close the company’s Chapter 15 bankruptcy case, according to a motion filed Thursday.

The foreign representative said Daehan is “is performing under the terms of the Korean rehabilitation plan,” and the company filed a motion earlier this month to close its Korean proceeding.

As a result, the representative said there is no longer a reason for the Chapter 15 case to remain open.

A hearing is scheduled for Nov. 17.

Daehan, a ship building company based in Hwawon-myeon, Haenam-gun Jeollanam-do, South Korea, filed for bankruptcy Aug. 19, 2014. The Chapter 15 case number is 14-12391.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.