Archive for November, 2021


Terminating the Technicality: Venue Reform, Why It’s Important, and What You Can Do About It

Posted on: November 15th, 2021 by Kate Langworthy, ABLS Blog Contributor

Bankruptcy is a legislative creation aimed at giving debtors the opportunity for a fresh start while still recognizing the rights of their creditors to be paid. Chapter 11 Bankruptcy allows an entity experiencing financial distress, typically a corporation or partnership, to seek relief through reorganization, while retaining their business in hopes of generating revenue to […]

A Call for Bankruptcy Venue Reform

Posted on: November 12th, 2021 by Michael A. Morris, ABLS Blog Contributor

In February of 2021, Belk, a North Carolina department-store chain, filed for Chapter 11 bankruptcy in the United States Bankruptcy Court of the Southern District of Texas. After the large retail company with over 90,000 creditors filed on the evening of February 23rd, their plan was confirmed and consummated by the end of the next […]