Counter

Saturday, June 23, 2012

United States Trustee successfully challenges venue in prepackaged Chapter 11 proceedings filed in the Southern District of New York

Last week the United States Bankruptcy Court for the Southern District of New York handed down a ruling granting the motion of the United States Trustee to transfer venue in prepackaged Chapter 11 proceedings.

The ruling is very interesting because the United States Trustee challenged venue - although none of the parties to the Chapter 11 cases had - and the cases were far along by the time the challenge was adjudicated, yet still the motion was successful.

We do not reproduce the ruling here and its implications due to space constraints, and can provide interested readers with a copy upon request to tally.wiener@thecomi.com.

No comments:

Post a Comment