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.
Pub. L. 109–8, title VIII, § 801(a)119 Stat. 144 (Added , , .)
Statutory Notes and Related Subsidiaries
Effective Date
section 1501 of Pub. L. 109–8section 101 of this titleSection effective 180 days after , and not applicable with respect to cases commenced under this title before such effective date, except as otherwise provided, see , set out as an Effective Date of 2005 Amendment note under .