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11 U.S.C. § 1531 - U.S. Code - Unannotated Title 11. Bankruptcy § 1531. Presumption of insolvency based on recognition of a foreign main proceeding

Current as of January 01, 2024 | Updated by Findlaw Staff

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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Cite this article: FindLaw.com - 11 U.S.C. § 1531 - U.S. Code - Unannotated Title 11. Bankruptcy § 1531. Presumption of insolvency based on recognition of a foreign main proceeding - last updated January 01, 2024 | https://codes.findlaw.com/us/title-11-bankruptcy/11-usc-sect-1531/

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