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As to 3rd parties that were not subject to the Brazilian expansion order, the bankruptcy court in Petroforte held the trustee might be qualified to broad exploration to the extent the borrower is a bulk stockholder in the non-debtor exploration target.
Area 1106 of the Insolvency Code requires the trustee to file a strategy "as soon as practicable" or, alternatively, to submit a record describing why a strategy will not be filed or to recommend that the instance be converted to another phase or dismissed.
However filing a proof of claim is not necessary if the creditor's case is scheduled (however is not detailed as contested, section, or unliquidated by the borrower) due to the fact that the debtor's routines are considered to constitute proof of the credibility and amount of those claims.
The court, on motion by a celebration in passion or the united state trustee and after notification and hearing, will order the visit of a case trustee for reason, consisting of fraudulence, dishonesty, inexperience, or gross mismanagement, or if such a visit remains in the interest of financial institutions, any type of equity security owners, and other passions of the estate.
A situation secondary to a pending insolvency proceeding in an international country is begun by an international agent" under phase 15. The international agent has the right of straight access to United States courts for the purpose of submitting a request for acknowledgment of an international proceeding" 11 U.S.C. § § 1504 and 1509.