Bankruptcy Reform Bill

by Tony Flesor

A vast majority of bankruptcy filings are done in Delaware and New York, but a bill in Congress might change that.

A 2015 report from the Government Accountability Office found that, since 2009, 61 percent of Chapter 11 bankruptcy cases were filed in the District of Delaware and the Southern District of New York. According to popular opinion within the corporate community, those places have a more streamlined system and are more fair to business owners. The Bankruptcy Venue Reform Act in Congress, however, would limit businesses to venues where they actually do business.

To read this story and other complete articles featured in the June 25, 2018 print edition of Law Week Colorado, copies are available for purchase online.