To curb the practice of forum shopping by corporations filing for chapter 11 bankruptcy, Sens. Elizabeth Warren (D-MA) and John Cornyn (R-TX) reintroduced the Bankruptcy Venue Reform Act of 2021 in September 2021.

Texas Lawyer spoke recently with Thomas J. Francella, Jr., Marla S. Benedek and Frederick E. Schmidt, Jr. of Cozen O’Connor about the components of the act and what effects it could have on chapter 11 bankruptcy cases if it is signed into law.