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11 U.S.C. § 1531 11 u.s.c. · ancillary and other cross-border cases · title 11
11 U.S.C. § 1531
Presumption of insolvency based on recognition of a foreign main proceeding
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-8279E8
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 V - CONCURRENT PROCEEDINGS Sec. 1531 - Presumption of insolvency based on recognition of a foreign main proceeding From the U.S. Government Publishing Office, www.gpo.gov

§1531. Presumption of insolvency based on recognition of a foreign main proceeding

In the absence of evidence to the contrary, recognition of a foreign main proceeding is, for the purpose of commencing a proceeding under section 303, proof that the debtor is generally not paying its debts as such debts become due.

(Added Pub. L. 109–8, title VIII, §801(a), Apr. 20, 2005, 119 Stat. 144.)

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. § 1531 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. § 1531
Status
● ACTIVE
Chapter
15 — ANCILLARY AND OTHER CROSS-BORDER CASES
Title
Bankruptcy
Jurisdiction
Federal
Federation ID
OM-USC11-SEC-8279E8
Root-LD Spec
v1.0
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Bankruptcy — 11 U.S.C. § 1531