Texas Leads a Charge to Dethrone Delaware's Bankruptcy Supremacy: Texas Changes Rules in Bankruptcy Case
Rovella, David E., Business Credit
Predictability. Among bankruptcy lawyers, it is the ultimate consideration when deciding which federal court best suits a corporate client seeking protection from creditors.
For the past decade, that jurisdiction has been Delaware, a pro-business state where many of the nation's major companies are incorporated. Those firms, faced with the option of filing in their home states or elsewhere, have almost invariably turned to Delaware's twojudge bankruptcy court and its reputation for quick hearings, high attorneys' fees and a pro-debtor bent.
But that may all be changing.
Bankruptcy lawyers say that a Texas federal judge's 2-year-old idea could be the thin end of …
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Publication information: Article title: Texas Leads a Charge to Dethrone Delaware's Bankruptcy Supremacy: Texas Changes Rules in Bankruptcy Case. Contributors: Rovella, David E. - Author. Magazine title: Business Credit. Volume: 103. Issue: 9 Publication date: October 2001. Page number: 69+. © 1999 National Association of Credit Management. Provided by ProQuest LLC. All Rights Reserved.
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