11 USC 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.)

Sections:  Previous  1518  1519  1520  1521  1522  1523  1524  1525  1526  1527  1528  1529  1530  1531  1532  Next

Last modified: October 26, 2015