Debtors frequently transfer assets to foreign transferees....
Debtors frequently transfer assets to foreign transferees. Recovering those assets in bankruptcy as a preference, fraudulent transfer, or unauthorized post-petition transfer, might require convincing the Bankruptcy Court that applicable sections of the Bankruptcy Code apply extraterritorially. Opinions among the circuits are far from uniform, and recent cases have only widened the disparate views. Convincing a Bankruptcy Court to assert jurisdiction over an avoidance claim …