Archive for the ‘Venue’ Category

Under current law, a corporate debtor may have a choice of “venues” (places to file): its state of incorporation, its principal place of business, the place where its principal assets are located, or a district in which an affiliate’s bankruptcy is pending. For a small business incorporated and operating in one location, all of these potential choices may point to the same place. However, a large company with subsidiary or parent companies throughout the country may be able to choose among a number of places in which to file. Depending on the case, the flexibility in venue choices can either…