New York City Bar opposes effort to prevent American businesses from filing in Wilmington’s bankruptcy court

WASHINGTON, D.C. – This week, the New York City Bar published a report explaining their opposition to the Bankruptcy Venue Reform Act, legislation that would alter the existing criteria for determining proper venue for bankruptcy cases.

U.S. Senator Chris Coons (D-Del.) has publicly opposed this legislation, which would deny most American businesses the ability to file for Chapter 11 in Wilmington’s nationally known bankruptcy court. Delaware’s federal bankruptcy practice is one of the key pillars of the local Delaware economy. 

To view the full report, click here.

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