11 USC 1531 - Presumption of insolvency based on recognition of a foreign main proceeding
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Sec. 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.
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Last modified: July 21, 2011
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