China Evergrande seeks Chapter 15 protection in Manhattan bankruptcy court

China Evergrande seeks Chapter 15 protection in Manhattan bankruptcy court

FILE PHOTO: The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo

China Evergrande, which is the world’s most heavily indebted property developer and became the poster child for China’s property crisis, on Thursday filed for protection from creditors in a U.S. bankruptcy court.