Energy Future Holdings Corp. said that keeping the company’s bankruptcy in Delaware would give most advisers and creditors a much shorter trip to court than holding it in the company’s home state of Texas, Bloomberg News reported yesterday. In an objection to a creditor’s bid to move the case, Dallas-based Energy Future said that it also will be more likely to meet its goal of completing reorganization in 11 months if the case stays in Wilmington, Del., where it was filed last month. Wilmington Savings Fund Society FSB, a trustee for Energy Future’s junior noteholders, has said that the Delaware court would favor management interests over those of some creditors. More than 60 percent of Fortune 500 companies are incorporated in Delaware, which gives them access to the state and federal courts there.
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