1. ? financial condition such that the sum of such entity's debts is greater than all of such entity's property ?". For initiating a Chapter 11 proceeding "insolvency" is not a requirement. However, most courts do recognize a good faith requirement which, in turn, reflects a concern about common pool problems;Strategische Insolvenzen: M�glichkeiten, Grenzen, Rechtsvergleichung,2014
2. It does not undermine Chapter 11's general attempt to address and solve a common pool problem of the creditors that is reflected in the universal automatic stay that is not restricted to certain creditors or classes of creditors;U S C;J. CORP. L,2010
3. Article 2 of the schedule defines the term 'foreign proceeding' to mean a collective judicial or administrative proceeding in a foreign state pursuant to a law relating to insolvency in which proceeding the assets and affairs of the debtor are subject to control or supervision by a foreign court for the purpose of reorganisation or liquidation. The evidence of Mr;The case involved an English company which had its C.O.M.I. in the U.S