11 U.S.C. § 1522 — Protection of creditors and other interested persons
submitted 21 years ago by Pub. L. 109-8 to r/title-11-BANKRUPTCY · 137 words · no verdicts yet
The court may grant, change, or end specified relief only if creditors and other interested entities, including the debtor, are sufficiently protected. The court may set conditions on that relief or on the debtor’s business, and trustee qualification rules apply to an examiner appointed under this chapter.
(a) The court may grant relief under section 1519 or 1521, or change or end relief under subsection (c), only if the interests of the creditors and other interested entities, including the debtor*, are sufficiently protected. This section does not define “relief,” “interested entities,” or “sufficiently protected.”
(b) The court may place conditions it considers appropriate on relief granted under section 1519 or 1521, or on the debtor’s business under section 1520(a)(3). These conditions may include providing security or filing a bond. This section does not define “security” or “bond.”
(c) The foreign representative* or an entity* affected by relief granted under section 1519 or 1521 may ask the court to change or end that relief. The court may also change or end the relief on its own motion. This section does not define “foreign representative,” “entity,” “relief,” or “own motion.”
(d) Section 1104(d) applies to the appointment of an examiner under this chapter. Any examiner must meet the qualification requirements that section 322 imposes on a trustee. This section does not itself authorize the appointment of an examiner and does not define “examiner,” “chapter,” “qualification requirements,” or “trustee.”
The court may grant relief under section 1519 or 1521, or may modify or terminate relief under subsection (c), only if the interests of the creditors and other interested entities, including the debtor*, are sufficiently protected.
The court may subject relief granted under section 1519 or 1521, or the operation of the debtor’s business under section 1520(a)(3), to conditions it considers appropriate, including the giving of security or the filing of a bond.
The court may, at the request of the foreign representative* or an entity* affected by relief granted under section 1519 or 1521, or at its own motion, modify or terminate such relief.
Section 1104(d) shall apply to the appointment of an examiner under this chapter. Any examiner shall comply with the qualification requirements imposed on a trustee by section 322.
Source credit: (Added Pub. L. 109–8, title VIII, § 801(a), Apr. 20, 2005, 119 Stat. 142.)
- 2005Enacted · Pub. L. 109-8 · 119 Stat. 142
A history note hasn’t been published yet. The record shows enactment by Pub. L. 109-8 on 2005-04-20.
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