Publication Date

February 20, 2020

Press Release

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NAAG endorsed the Bankruptcy Venue Reform Act of 2019 (H.R. 4421). This legislation will prevent a corporation from filing for bankruptcy in a district that it believes would be more favorable on issues to the debtor’s advantage—a practice known as “forum shopping”—when the corporation’s principal place of business or assets are located in a different district, which imposes a burden on states and other creditors who may have to travel and incur significant expenses to pursue their claims.

Lead States

Maryland, Ohio, Texas, Washington

Signatory States

AK, AL, AR, AZ, CA, CO, DC, GA, HI, IA, ID, IL, IN, KY, LA, MA, MD, ME, MI, MN, MO, MS, ND, NE, NH, NM, NV, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VT, WA, WI, WV