Title 11 — BankruptcyRelease 119-73not60
§1523 Actions to Avoid Acts Detrimental to Creditors
Title 11 › Chapter 15— ANCILLARY AND OTHER CROSS-BORDER CASES › Subchapter III— RECOGNITION OF A FOREIGN PROCEEDING AND RELIEF › § 1523
Summary
On recognition, a foreign representative may bring avoidance actions in U.S. cases under sections 522, 544, 545, 547, 548, 550, 553, and 724(a). If the foreign proceeding is nonmain, the court must confirm the assets belong to that proceeding under U.S. law.
Full Legal Text
Title 11, §1523
Bankruptcy — Source: USLM XML via OLRC
(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 section 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.
Legislative History
Notes & Related Subsidiaries
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.
Reference
Citations & Metadata
Citation
11 U.S.C. § 1523
Title 11 — Bankruptcy
Last Updated
Apr 3, 2026
Release point: 119-73not60