Bankruptcy Case in the USA That May Concern Turkish Institutions/Companies

Dear Member,

In the letter sent to our Chamber by TOBB, with reference to the letter of the Ministry of Trade dated 02.02.2022 and numbered E-50035491-431.04-00071519761: with the referenced letter of the Ministry of Trade, in the letters received from the Ministry of Foreign Affairs dated 10.12.2021 and numbered 33608807 and dated 25.01.2022 and numbered 33888408, a copy of which is attached, it is stated that a notice regarding the bankruptcy process of the company named "Carlson Travel" was delivered to the Ministry of Foreign Affairs by the "Bankruptcy Court for the Southern District of Texas, Houston", and that the contracted law firm of our Embassy in Washington, whose opinion was sought on the matter, stated that Turkish companies may be among the 90.000 creditors to whom the Carlson Travel group is indebted in the case being heard by the said bankruptcy court.

It is also stated that two additional notices have been received on the matter; that, according to the contracted law firm, the notices received this time relate to the hearing held on 12 November 2021 in the context of the restructuring process regarding the bankruptcy of the said company; that, according to the notices, those concerned could submit an "opt-out" form to the court until 13 December 2021; and that this arrangement is intended for organizations and persons who wish to object to the plan confirmed at the said hearing and pursue their rights through a separate legal process.

 

This announcement has been read 504 times.

Date Added :2022-02-07 11:14:00