FEDERAL · 11 U.S.C. · Chapter 15
Presumption of insolvency based on recognition of a foreign main proceeding
11 U.S.C. § 1531
Title11 — Bankruptcy
Chapter15 — ANCILLARY AND OTHER CROSS-BORDER CASES
SubchapterV
Current throughPub. L. 119-99
This text of 11 U.S.C. § 1531 (Presumption of insolvency based on recognition of a foreign main proceeding) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
11 U.S.C. § 1531.
Text
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.
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Related
§ 303
11 U.S.C. § 303
Source Credit
History
(Added Pub. L. 109–8, title VIII, §801(a), Apr. 20, 2005, 119 Stat. 144.)
Editorial Notes
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.
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.
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Bluebook (online)
11 U.S.C. § 1531, Counsel Stack Legal Research, https://law.counselstack.com/usc/11/1531.