There is a newer version
of
this Section
2018 US Code
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
Download PDF
11 U.S.C. § 1531 (2018) |
§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.) |
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. |
United States Code, 2018 Edition, Title 11 - BANKRUPTCY |
Bills and Statutes |
United States Code |
Y 1.2/5: |
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 |
section 1531 |
2018 |
January 14, 2019 |
Yes |
standard |
119 Stat. 144 |
Public Law 109-8 |
Disclaimer: These codes may not be the most recent version. United States may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.