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11 U.S.C. § 1523Actions to avoid acts detrimental to creditors

submitted 21 years ago by Pub. L. 109-8 to r/title-11-BANKRUPTCY · 76 words · no verdicts yet

in plain englishAI-generated · not legal advice

After a foreign proceeding is recognized, its foreign representative has standing in a case about the debtor under another chapter of this title to initiate the actions listed in subsection (a). If the proceeding is a foreign nonmain proceeding, the action must concern assets that United States law says should be administered in that proceeding.

(a) Once a foreign proceeding is recognized, the foreign representative has standing in a case concerning the debtor that is pending under another chapter of this title to initiate actions under sections 522, 544, 545, 547, 548, 550, 553, and 724(a). This section does not define “foreign proceeding,” “foreign representative,” “standing,” “case,” “debtor,” “chapter,” “title,” or “action.” (b) If the foreign proceeding is a foreign nonmain proceeding, the court must be satisfied that an action under subsection (a) concerns assets that, under United States law, should be administered in the foreign nonmain proceeding. This section does not define “foreign nonmain proceeding,” “assets,” “United States law,” or “administered.”
the actual law source: uscode.house.gov ↗public domain
(a)

Upon recognition of a foreign proceeding, the foreign representative has standing in a case concerning the debtor pending under another chapter of this title to initiate actions under sections 522, 544, 545, 547, 548, 550, 553, and 724(a).

(b)

When a foreign proceeding is a foreign nonmain proceeding, the court must be satisfied that an action under subsection (a) relates to assets that, under United States law, should be administered in the foreign nonmain proceeding.

Source credit: (Added Pub. L. 109–8, title VIII, § 801(a), Apr. 20, 2005, 119 Stat. 142.)

history & why it existsrecord from the source credit
  • 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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