In an article published by Law360, Atlanta-based associate Mark Gensburg examined the U.S. Court of Appeals for the Seventh Circuit’s decision on the subject of foreign creditors and collateral in the Chapter 11 bankruptcy case of Joseph C. Sheehan, a retired surgeon who had emigrated from Ireland to the United States.
“When a debtor files for bankruptcy, it’s axiomatic that all creditors, wherever located, must immediately…
