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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 09:52:37 -04:00

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LegalText 11 U.S.C. § 1531 Presumption of insolvency based on recognition of a foreign main proceeding us united_states_code code_section 11 BANKRUPTCY 15 ANCILLARY AND OTHER CROSS-BORDER CASES 1531 11 U.S.C. § 1531 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/s1531 data/legal/raw/us/code/title-11/usc11.xml ddeb7d5bb8b9f62d2b24e65db00bd2b8f5875b39fc11770a1e4f8a7e2517970e 49b32bf784de01de21874d64b5d1d78d1d245352824a03caa6d6b941a4a2c9a2 3bb7d6891fcf5621afd65dbec0c3c751b7ec8c689d4654b64c6e34e6c91da901 2026-07-04 official
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11 U.S.C. § 1531 - Presumption of insolvency based on recognition of a foreign main proceeding

Text

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. 1098, title VIII, § 801(a), Apr. 20, 2005, 119 Stat. 144.)

Notes

Statutory Notes and Related Subsidiaries

Effective DateSection 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. 1098, set out as an Effective Date of 2005 Amendment note under section 101 of this title.