The geography of bankruptcy

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    2 Scopus citations

    Abstract

    Companies routinely file bankruptcy cases in venues that have no meaningful connection to the company, its operations, or its stakeholders. This practice (1) divorces bankruptcy and venue from their ties to location; (2) disrupts the fundamental balance underlying the Bankruptcy Code by shifting the focus exclusively to the needs of sophisticated parties; and (3) shuts out parties who have a right to participate in bankruptcy proceedings, which contravenes due process and raises fairness concerns. To solve these problems, this Article proposes new procedures that mandate a thorough discussion of venue considerations in bankruptcy cases. By requiring parties to justify their venue choices under tougher standards and holding companies accountable for their venue decisions, the proposal helps ensure that bankruptcy cases are heard in places where key local voices and issues are recognized and addressed.

    Original languageEnglish (US)
    Pages (from-to)381-439
    Number of pages59
    JournalVanderbilt Law Review
    Volume68
    Issue number2
    StatePublished - Mar 1 2015

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    ASJC Scopus subject areas

    • Law

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