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2026-07-06 09:52:37 -04:00

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LegalText 11 U.S.C. § 1165 Protection of the public interest us united_states_code code_section 11 BANKRUPTCY 11 REORGANIZATION 1165 11 U.S.C. § 1165 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc11@119-100.zip /us/usc/t11/s1165 data/legal/raw/us/code/title-11/usc11.xml 053936e72102f82c7a09b27f16feda19dcab2396b7f085698ea00eb721d10618 49b32bf784de01de21874d64b5d1d78d1d245352824a03caa6d6b941a4a2c9a2 8858a91ae18475592170278937f1cb7a026e1415d95b200b311b70f61de694dc 2026-07-04 official
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11 U.S.C. § 1165 - Protection of the public interest

Text

In applying sections 1166, 1167, 1169, 1170, 1171, 1172, 1173, and 1174 of this title, the court and the trustee shall consider the public interest in addition to the interests of the debtor, creditors, and equity security holders.

(Pub. L. 95598, Nov. 6, 1978, 92 Stat. 2641.)

Notes

Historical and Revision Notes

legislative statementsSection 1165 of the House amendment represents a modification of sections 1165 and 1167 of the Senate amendment requiring the court and the trustee to consider the broad, general public interest in addition to the interests of the debtor, creditors, and equity security holders in applying specific sections of the subchapter.

senate report no. 95989Section 1165 requires the court, in consideration of the relief to be granted upon the filing of an involuntary petition, to take into account the “public interest” in the preservation of the debtors rail service. This is an important factor in railroad reorganization, which distinguishes them from other business reorganizations. Hence, this section modifies the provisions in sections 303 and 305 that govern generally when the business of a debtor may continue to operate, when relief under the Act sought should be granted, and when the petition should be dismissed. Section 1167 [enacted as section 1165] imposes on the trustee the obligations, in addition to his other duties and responsibilities, to take into account the “public interest” in the preservation of the debtors rail service.