11 USC 1531 – Presumption of insolvency based on recognition of a foreign main proceeding
Current as of: 2024 | Check for updates
|
Other versions
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.
Terms Used In 11 USC 1531
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.