Navigating Bankruptcy Remand Contrasts In 2nd, 9th Circs.

Law360, New York (March 31, 2015, 10:32 AM EDT) -- A Chapter 11 debtor may file wherever its “domicile, residence, principal place of business or principal assets … have been located for the one hundred and eighty days immediately preceding” the filing.[1] And, as the recent battle in Caesars Entertainment Corp.’s Chapter 11 case reaffirms,[2] parties consider the venue of a Chapter 11 debtor’s bankruptcy filing to be of paramount importance depending on the issues at play in the subject case.

In selecting the most favorable venue, counsel for the prospective debtor will need to consider a number of factors, one of which is the governing law. New York and California...

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