Choice Of Venue: Sound Strategy Or Forum Shopping?

Law360, New York (May 4, 2007, 12:00 AM EDT) -- One of the most significant considerations in a prospective Chapter 11 debtor’s strategic pre-bankruptcy planning is the most favorable venue for the bankruptcy filing.

Given varying interpretations of certain important legal issues in the bankruptcy courts (e.g., the ability to pay the claims of "critical" vendors at the inception of a Chapter 11 case, to include non-debtor releases in a Chapter 11 plan or to reject collective bargaining agreements) and the reputation, deserved or otherwise, that certain courts or judges may be more "debtor friendly" than...
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