Sierra Madre Bankruptcy Attorney

TITLE 11 - BANKRUPTCY
CHAPTER 15 - ANCILLARY AND OTHER CROSS-BORDER CASES
    SUBCHAPTER III - RECOGNITION OF A FOREIGN PROCEEDING AND RELIEF

-HEAD-
    Sec. 1523. Actions to avoid acts detrimental to creditors

-STATUTE-
      (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-
    (Added Pub. L. 109-8, title VIII, Sec. 801(a), Apr. 20, 2005, 119
    Stat. 142.)