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11 U.S.C. · Bankruptcy
11 U.S.C. § 1531

Presumption of insolvency based on recognition of a foreign main proceeding

Ch. 15 — ANCILLARY AND OTHER CROSS-BORDER CASES
Title 11 U.S.C. ● ACTIVE Primary Source Ch. 15
Statutory Text

11 U.S.C. § 1531 — Presumption of insolvency based on recognition of a foreign main proceeding

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 ↗
Root-LD Entity Data
◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org
Federation ID
BS-USC11-SEC-8279E8
Entity Class
STATUTE / FEDERAL-CODE-SECTION
Domain Signature
boisestandard.org
Citation
11 U.S.C. § 1531
Jurisdiction
Federal — United States
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
9d124828b9de48f3...
Semantic Edges
Pending — corpus passes queued
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).
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← 11 U.S.C. § 1530 11 U.S.C. § 1532 →
Ch. 15 — ANCILLARY AND OTHER CROSS-BORDER CASES
11 U.S.C. § 150111 U.S.C. § 150211 U.S.C. § 150311 U.S.C. § 150411 U.S.C. § 150511 U.S.C. § 150611 U.S.C. § 150711 U.S.C. § 150811 U.S.C. § 150911 U.S.C. § 151011 U.S.C. § 151111 U.S.C. § 151211 U.S.C. § 151311 U.S.C. § 151411 U.S.C. § 151511 U.S.C. § 151611 U.S.C. § 151711 U.S.C. § 151811 U.S.C. § 151911 U.S.C. § 152011 U.S.C. § 152111 U.S.C. § 152211 U.S.C. § 152311 U.S.C. § 152411 U.S.C. § 152511 U.S.C. § 152611 U.S.C. § 152711 U.S.C. § 152811 U.S.C. § 152911 U.S.C. § 1530
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