Bankruptcy lawyers and restructuring professionals are anxiously awaiting word from Bankruptcy Judge Shelley C. Chapman about whether Patriot Coal Corp.'s chapter 11 proceeding should be moved from Manhattan to Charleston, W.V., the Wall Street Journal reported today. That is because Judge Chapman's decision is expected to illuminate Bankruptcy Code rules about where corporations can take refuge from creditors. The United Mine Workers of America, which is calling for Patriot's case to be moved out of New York, held a rally and a march before packing a federal courtroom in Charleston to watch the webcast venue debate in New York earlier this month.
