Azusa Bankruptcy Attorney

TITLE 11 - BANKRUPTCY
CHAPTER 15 - ANCILLARY AND OTHER CROSS-BORDER CASES
    SUBCHAPTER V - CONCURRENT PROCEEDINGS

-HEAD-
    Sec. 1528. Commencement of a case under this title after
      recognition of a foreign main proceeding

-STATUTE-
      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, to other assets of the debtor that are within
    the jurisdiction of the court under sections 541(a) of this title,
    and 1334(e) of title 28, 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.

-SOURCE-
    (Added Pub. L. 109-8, title VIII, Sec. 801(a), Apr. 20, 2005, 119
    Stat. 143.)