Bankruptcy Code

Bankruptcy is a legal declaration that allows some debtors to discharge their unsecured debts. The text of this statute is provided as general information to the public. It may be amended, revised, or rescinded at any time without notice. This information is not intended to be legal advice. For more information, please see our disclaimer.

11 U.S.C. § 1522. Protection of creditors and other interested persons

(a) The court may grant relief under section 1519 or 1521 [11 USCS § 1519 or 1521], or may modify or terminate relief under subsection (c), only if the interests of the creditors and other interested entities, including the debtor, are sufficiently protected.

(b) The court may subject relief granted under section 1519 or 1521 [11 USCS § 1519 or 1521], or the operation of the debtor's business under section 1520(a)(3) [11 USCS § 1520(a)(3)], to conditions it considers appropriate, including the giving of security or the filing of a bond.

(c) The court may, at the request of the foreign representative or an entity affected by relief granted under section 1519 or 1521 [11 USCS § 1519 or 1521], or at its own motion, modify or terminate such relief.

(d) Section 1104(d) [11 USCS § 1104(d)] shall apply to the appointment of an examiner under this chapter [11 USCS §§ 1501 et seq.]. Any examiner shall comply with the qualification requirements imposed on a trustee by section 322 [11 USCS § 322].