Chapter 15 refers to Chapter 15 of the U.S. Bankruptcy Code, Title 11. The Bankruptcy Abuse Prevention and Consumer Protection Act added Chapter 15 to the Code i n 2005, effectively repealing the former §304. In enacting Chapter 15, the U.S. has adopted the 1997 Model Law on Cross-Border Insolvency promulgated by the United Nations Commission on International Trade Law ("UNCITRAL"). As the U.S. applies and interprets Chapter 15, it must be cognizant of the interpretations of the Model Law issued by other adopting counries in order to ensure consistent treatment of cross-border insolvencies.
