Hanjin Shipping Co. Files for Chapter 15 Bankruptcy

by Kathryn Davis
One of the world’s largest container shipping companies, Hanjin Shipping Co., has filed for bankruptcy. Hanjin is a South Korean company and filed for bankruptcy protection under Chapter 15 of the Bankruptcy Code. Chapter 15 Bankruptcy and Model Law Chapter 15 is a newer chapter of the Bankruptcy Code. It was added by the Bankruptcy Abuse Prevention and Protection Act of 2005.Read the full article