SHANGHAI -- China Evergrande Group, a major Chinese property developer undergoing management rehabilitation, has filed for protection from creditors under Chapter 15 of the U.S. bankruptcy code.
Struggling companies halting unfinished projects as market totters

High rise construction sites rise in clouds of rolling mist in Bijie, Guizhou province on June 13. (Photo by CFOTO/Future Publishing via Getty Images)
SHANGHAI -- China Evergrande Group, a major Chinese property developer undergoing management rehabilitation, has filed for protection from creditors under Chapter 15 of the U.S. bankruptcy code.