U.S. judge grants Hanjin temporary protection from U.S. creditors

U.S. Bankruptcy Judge John Sherwood approved a motion by the world’s seventh largest container carrier that sought to extend to the United States the protection from creditors that it has under receivership in South Korea.The move prevents U.S. creditors from taking actions against the company’s ships and other assets.

The order is temporary and Hanjin will need to return to court on Friday for a final order after talks with stakeholders to try to resolve complex problems involving ports, terminal operators and retailers, Sherwood said.”It’s a logistical mess,” Sherwood said.Hanjin filed for what is known as Chapter 15 bankruptcy protection in the United States and sought an order recognizing proceedings in South Korea and protecting its U.Sคำพูดจาก

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