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48 U.S.C. § 2168 — Who may be a debtor

Federal law — U.S. Code and appendices · legal_authorities

48 U.S.C. § 2168 — Who may be a debtor

An entity may be a debtor under this subchapter if— (1) the entity is— (A) a territory that has requested the establishment of an Oversight Board or has had an Oversight Board established for it by the United States Congress in accordance with [section 2121 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title48-section2121&num=0&edition=prelim); or (B) a covered territorial instrumentality of a territory described in paragraph (1)(A); (2) the Oversight Board has issued a certification under [section 2146(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title48-section2146/b&num=0&edition=prelim) for such entity; and (3) the entity desires to effect a plan to adjust its debts.

Source: Supplied U.S. Code snapshot — release unconfirmed · 48 U.S.C. § 2168

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Stable record: federal_law:legal_authorities:record_usc_ff5a7ed34871efce76700716
Source file: Laws/federal/codes/united-states-code/title-48/section-2168-who-may-be-a-debtor--4ce7c4e7f7.md
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Source location: Title 48, Chapter 20, § 2168; chapter-020-puerto-rico-oversight-management-and-economic-stability.md

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An entity may be a debtor under this subchapter if— (1) the entity is— (A) a territory that has requested the establishment of an Oversight Board or has had an Oversight Board established for it by the United States Congress in accordance with [section 2121 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title48-section2121&num=0&edition=prelim); or (B) a covered territorial instrumentality of a territory described in paragraph (1)(A); (2) the Oversight Board has issued a certification under [section 2146(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title48-section2146/b&num=0&edition=prelim) for such entity; and (3) the entity desires to effect a plan to adjust its debts.

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Federal law — U.S. Code and appendices · legal_authorities

48 U.S.C. § 2121 — Effective date

**(a) In general** Except as provided in subsection (b), this chapter shall take effect on June 30, 2016. **(b) Subchapter III and Subchapter VI** (1) Subchapter III shall apply with respect to cases commenced under subchapter III on or after June 30, 2016. (2) Subchapters III and VI shall apply with respect to debts, claims, and liens (as such terms are defined in [section 101 of title 11](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title11-section101&num=0&edition=prelim)) created before, on, or after such date.

Source: Supplied U.S. Code snapshot — release unconfirmed · 48 U.S.C. § 2121

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Federal law — U.S. Code and appendices · legal_authorities

48 U.S.C. § 2168 — Selection of presiding judge

Page 372 TITLE 48—TERRITORIES AND INSULAR POSSESSIONS § 2168 1 So in original. Probably should be preceded by ‘‘section’’. § 2168. Selection of presiding judge (a) For cases in which the debtor is a terri- tory, the Chief Justice of the United States shall designate a district court judge to sit by designation to conduct the case. (b) For cases in which the debtor is not a terri- tory, and no motion for joint administration of the debtor’s case with the case of its affiliate territory has been filed or there is no case in which the affiliate territory is a debtor, the chief judge of the court of appeals for the circuit embracing the district in which the case is com- menced shall designate a district court judge to conduct the case. (Pub. L. 114–187, title III, § 308, June 30, 2016, 130 Stat. 582.) § 2169. Abstention Nothing in this subchapter prevents a district court in the interests of justice from abstaining from hearing a particular proceeding arising in or related to a case under this subchapter. (Pub. L. 114–187, title III, § 309, June 30, 2016, 130 Stat. 583.) § 2170. Applicable rules of procedure The Federal Rules of Bankruptcy Procedure shall apply to a case under this subchapter and to all civil proceedings arising in or related to cases under this subchapter. (Pub. L. 114–187, title III, § 310, June 30, 2016, 130 Stat. 583.) Editorial Notes REFERENCES IN TEXT The Federal Rules of Bankruptcy Procedure, referred to in text, are set out in the Appendix to Title 11, Bankruptcy. § 2171. Leases A lease to a territory or territorial instrumen- tality shall not be treated as an executory con- tract or unexpired lease for the purposes of sec- tion 365 or 502(b)(6) of title 11 solely by reason of the lease being subject to termination

Source: Supplied 2024 U.S. Code historical extraction · 48 U.S.C. § 2168

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