Section 304

Section 304
the former section of the U.S. Bankruptcy code that handled multi-national bankruptcies only a few of which were filed each year. This section no longer exists; it has been replaced by Chapter 15 (Glossary of Common Bankruptcy Terms)

the section of the present U.S. Bankruptcy code that handles multi-national bankruptcies; only a few of these are filed each year; over the period 1993 through 2002 there averaged about 34 Section 304 filings per year. This no longer exists; it has been replaced by Chapter 15. (Common Bankruptcy Terms)

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

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