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As to 3rd parties who were not subject to the Brazilian extension order, the insolvency court in Petroforte held the trustee might be qualified to broad discovery to the extent the debtor is a bulk stockholder in the non-debtor exploration target.
Section 1106 of the Personal bankruptcy Code requires the trustee to submit a strategy "as quickly as achievable" or, alternatively, to submit a report explaining why a plan will not be submitted or to recommend that the situation be converted to one more phase or disregarded.
However filing a proof of case is not needed if the creditor's insurance claim is scheduled (however is not listed as disputed, section, or unliquidated by the debtor) because the borrower's schedules are regarded to constitute evidence of the credibility and amount of those cases.
The court, on movement by an event in interest or the U.S. trustee and after notice and hearing, will buy the visit of a case trustee for reason, consisting of fraud, deceit, incompetence, or gross mismanagement, or if such a visit is in the rate of interest of creditors, any kind of equity safety and security holders, and other interests of the estate.
A situation secondary to a pending insolvency case in a foreign country is commenced by a foreign representative" under chapter 15. The international rep has the right of direct access to USA courts for the objective of submitting a petition for acknowledgment of a foreign case" 11 U.S.C. § § 1504 and 1509.