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Another Article III Judge Won’t Let Bankruptcy Stop Suits Against Nondebtors
Unlike Yesterday’s Story, a Two-Nondebtor Lawsuit Didn’t Have ‘Related To’ Jurisdiction
A Suit Between Two Nondebtors Might Have ‘Related To’ Jurisdiction
Section 105(a) Doesn’t Give Rise to a Private Right of Action for Abuse of Process
Fifth Circuit Reaffirms ‘Person Aggrieved’ as the Standard for Appellate Standing
Ninth Circuit Won’t Give Pro Se Litigants Slack About Consent to Final Adjudication
Circuit Judge Who Axed J&J Bankruptcy Move Handed Biden a Vacancy
Texas Leads in Commercial Bankruptcy Filings in First Half of 2023
U.S. Bankruptcy Courts in Texas attracted about 40% of the country’s commercial chapter 11 filings in the first six months of this year, solidifying the state’s lead as the most popular restructuring destination for failed companies, WSJ Pro Bankruptcy reported. As many as 848 of a total of 2,165 chapter 11 filings were made in the four bankruptcy courts in Texas in the first half of 2023, according to bankruptcy information provider Epiq. The states of New York and Delaware ranked second and third, Epiq said. Texas extended its lead in bankruptcy filings compared with the same period last year when the state accounted for 20% of total commercial bankruptcy filings, slightly higher than runner-up New York of 18%, Epiq data show. “What the large chapter 11 debtors want, more so than some of the smaller midmarket companies, is consistency in rulings, and that’s the one thing you’re getting out of Texas right now,” ABI President-Elect Christopher Ward of Polsinelli said during a filing trend webinar hosted by ABI and Epiq. Houston was the most popular among the four Texas courts, attracting some of the largest filings including KKR-owned Envision Healthcare in May and airplane-parts giant Incora in June.
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