Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

§
Marginalia
Code · BILL · 114th Congress · S. 2676 (Introduced in Senate) — To provide for the adjustment of the debts of the Commonwealth of Puerto Rico, and for other purposes. · Sec. 221

Sec. 221. Petition and proceedings relating to petition

344 words·~2 min read·/bill/114/s/2676/is/section-221·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A voluntary case under this title is commenced by the filing with the bankruptcy court of a petition by an entity that may be a debtor under section 202. Notwithstanding section 202 and subsection (a), a case under this title concerning an unincorporated tax or special assessment district that does not have its own officials is commenced by the filing under subsection
(a)of a petition by the governing authority of the district or the board or body having authority to levy taxes or assessments to meet the obligations of such district. After any objection to the petition, the court, after notice and a hearing, may dismiss the petition if— the debtor did not file the petition in good faith; or the petition does not meet the requirements of this title. If the petition is not dismissed under subsection (c), the court shall order relief under this title. The court may not— on account of an appeal from an order for relief, delay any proceeding under this title in the case in which the appeal is being taken; or order a stay of such proceeding pending such appeal. The reversal on appeal of a finding of jurisdiction shall not affect the validity of any debt incurred that is authorized by the court under section 364(c) or 364(d) of title 11, United States Code. For purposes of this title, the Governor may take any action necessary on behalf of the debtor to prosecute the debtor's case; including— filing a petition; submitting or modifying a plan of adjustment; or otherwise generally submitting filings in relation to the restructuring case with the court. Debtors under this title may file petitions or submit or modify plans of adjustment jointly if they are affiliates. Except as provided in subsection (j), this title shall take effect on the date of the enactment of this Act. This title shall apply with respect to— cases commenced under this title on or after the date of the enactment of this Act; and debts, claims, and liens created before, on, or after such date.
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.