2015 US Code
Title 11 - Bankruptcy (Sections 101 - 1532)
Chapter 15 - Ancillary and Other Cross-Border Cases (Sections 1501 - 1532)
Subchapter I - General Provisions (Sections 1502 - 1508)
Sec. 1507 - Additional assistance

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Metadata
Publication TitleUnited States Code, 2012 Edition, Supplement 3, Title 11 - BANKRUPTCY
CategoryBills and Statutes
CollectionUnited States Code
SuDoc Class NumberY 1.2/5:
Contained WithinTitle 11 - BANKRUPTCY
CHAPTER 15 - ANCILLARY AND OTHER CROSS-BORDER CASES
SUBCHAPTER I - GENERAL PROVISIONS
Sec. 1507 - Additional assistance
Containssection 1507
Date2015
Laws In Effect As Of DateJanuary 3, 2016
Positive LawYes
Dispositionstandard
Source CreditAdded Pub. L. 109-8, title VIII, §801(a), Apr. 20, 2005, 119 Stat. 136.
Statutes at Large Reference119 Stat. 136
Public and Private LawPublic Law 109-8

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11 U.S.C. § 1507 (2015)
§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.)

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