China Evergrande Seeks U.S. Court Approval for $19 Billion Debt Restructuring

China Evergrande Group is seeking a U.S. court’s approval to restructure more than $19 billion in the company’s offshore debts, as the embattled property developer pushes forward on plans to complete one of the world’s largest and most complex debt restructurings. China Evergrande, the world’s most indebted property developer, on Thursday filed for chapter 15 bankruptcy in New York. Court approval of the debt restructuring would make the deal legally binding in the U.S. and would close the door to any disputes against the plan that could be brought in America.

tips

Evergrande Group 恒大集团

approval 赞成

offshore 离岸的；境外的

debt 债务；罪过

property 财产、不动产、房地产或物产等，这里指这家房地产公司

property developer 房地产开发商

file 提交

bankruptcy 破产

bankrupt 破产者（bank 柜台；rupt- 断裂）

dispute 争论；争议