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 It may be amended, revised, or rescinded at any time without notice.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. § 1528. Commencement of a case under this title after recognition of a foreign main proceeding

After recognition of a foreign main proceeding, a case under another chapter of this title may be commenced only if the debtor has assets in the United States. The effects of such case shall be restricted to the assets of the debtor that are within the territorial jurisdiction of the United States and, to the extent necessary to implement cooperation and coordination under sections 1525, 1526, and 1527 [11 USCS §§ 1525, 1526, and 1527], to other assets of the debtor that are within the jurisdiction of the court under sections 541(a) of this title [11 USCS § 541(a)], and 1334(e) of title 28 [28 USCS § 1334(e)], to the extent that such other assets are not subject to the jurisdiction and control of a foreign proceeding that has been recognized under this chapter [11 USCS §§ 1501 et seq.].