In re Worldwide Education Services, Inc.

STATEMENT OF DECISION ON EMERGENCY MOTION OF FOREIGN REPRESENTATIVE FOR IMPLEMENTATION OF PROVISIONAL STAY UNDER 11 U.S.C. §§ 105 , 362, AND 1519

The above-captioned case under Chapter 15 of the Bankruptcy Code, 11 U.S.C., came on for hearing on June 17, 2013 before the undersigned United States Bankruptcy Judge on the Emergency Motion of Foreign Representative for Implementation of Provisional Stay under 11 U.S.C. §§ 105 , 362 and 1519, filed on June 12, 2013. Having considered the moving, opposing, and reply papers of the parties as well as their oral arguments of the parties at the hearing on June 17, 2013, the court takes the motion under submission and issues this statement of decision with an accompanying order on the motion.

On June 10, 2013, Kevin Wessell, the voluntary liquidator of Worldwide Education Services, Inc. (“Liquidator”), commenced this bankruptcy case under Chapter 15 of the Bankruptcy Code by filing a petition for relief. On the same day, the Liquidator filed a verified petition for recognition of foreign proceedings. The petition for recognition alleged, among other things, that debtor is a British Virgin Islands (BVI) corporation, that prior to being…