11 U.S.C. § 1531 — Presumption of insolvency based on recognition of a foreign main proceeding

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. 109–8, title VIII, § 801(a) , Apr. 20, 2005 , 119 Stat. 144 .) Statutory Notes and Related Subsidiaries Effective Date Section 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. 109–8 , set out as an Effective Date of 2005 Amendment note under section 101 of this title .

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