Utilizing a relatively new and still-evolving chapter of the U.S. Bankruptcy Code, a Chinese company embroiled in bankruptcy proceedings back home won a U.S. court order earlier this month that protects about 275,000 solar panels worth millions of dollars stored in a Bridgeton, N.J., warehouse.
U.S. Chief Bankruptcy Judge Gloria Burns of the District of New Jersey issued the order in the case under Chapter 15, which was added to the Bankruptcy Code as part of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.
