Texas A.G. Paxton Joins Multistate Coalition to Stop Corporations From Forum Shopping
November 10, 2021
November 10, 2021
AUSTIN, Texas, Nov. 10 -- Texas Attorney General Ken Paxton issued the following news release:
Attorney General Ken Paxton joined a coalition of 43 states and territories to support the Bankruptcy Venue Reform Act.
Currently, individuals can file for bankruptcy only in the district where they reside, but corporations are permitted to file wherever an affiliated entity is incorporated.
This can lead to rampant forum shopping by corporations filing in bankr . . .
Attorney General Ken Paxton joined a coalition of 43 states and territories to support the Bankruptcy Venue Reform Act.
Currently, individuals can file for bankruptcy only in the district where they reside, but corporations are permitted to file wherever an affiliated entity is incorporated.
This can lead to rampant forum shopping by corporations filing in bankr . . .