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11 U.S.C. § 1507 11 u.s.c. · ancillary and other cross-border cases · title 11
11 U.S.C. § 1507
Additional assistance
Title 11 USC
● ACTIVE
Ch. 15
Jurisdiction Federal — United States
Chapter ANCILLARY AND OTHER CROSS-BORDER CASES
Primary Source uscode.house.gov ↗
Federation ID OM-USC11-SEC-F32871
STATUTORY TEXT primary source · verbatim · uscode.house.gov

U.S.C. Title 11 - BANKRUPTCY 11 U.S.C. United States Code, 2023 Edition Title 11 - BANKRUPTCY CHAPTER 15 - ANCILLARY AND OTHER CROSS-BORDER CASES SUBCHAPTER I - GENERAL PROVISIONS Sec. 1507 - Additional assistance From the U.S. Government Publishing Office, www.gpo.gov

§1507. Additional assistance

(a) Subject to the specific limitations stated elsewhere in this chapter the court, if recognition is granted, may provide additional assistance to a foreign representative under this title or under other laws of the United States. (b) In determining whether to provide additional assistance under this title or under other laws of the United States, the court shall consider whether such additional assistance, consistent with the principles of comity, will reasonably assure— (1) just treatment of all holders of claims against or interests in the debtor's property; (2) protection of claim holders in the United States against prejudice and inconvenience in the processing of claims in such foreign proceeding; (3) prevention of preferential or fraudulent dispositions of property of the debtor; (4) distribution of proceeds of the debtor's property substantially in accordance with the order prescribed by this title; and (5) if appropriate, the provision of an opportunity for a fresh start for the individual that such foreign proceeding concerns.

(Added Pub. L. 109–8, title VIII, §801(a), Apr. 20, 2005, 119 Stat. 136.)

Statutory Notes and Related Subsidiaries

Effective Date Section effective 180 days after Apr. 20, 2005, and not applicable with respect to cases commenced under this title before such effective date, except as otherwise provided, see section 1501 of Pub. L. 109–8, set out as an Effective Date of 2005 Amendment note under section 101 of this title.

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 11 U.S.C. § 1507 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
OakMorel Law
11 U.S.C.
Citation
11 U.S.C. § 1507
Status
● ACTIVE
Chapter
15 — ANCILLARY AND OTHER CROSS-BORDER CASES
Title
Bankruptcy
Jurisdiction
Federal
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OM-USC11-SEC-F32871
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Bankruptcy — 11 U.S.C. § 1507