Why Does Delaware Get Most Big Chapter 11s?

Why Does Delaware Get Most Big Chapter 11s? Play

Dec. 5 (Bloomberg) -- Why the bankruptcy court in Delaware garnered almost five times more significant Chapter 11 reorganizations this year than New York is the first topic of discussion on the new video with Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle. The Supreme Court may have taken on a bankruptcy case involving an inherited individual retirement account to decide where the plain meaning rule ends and judges can begin using their common sense in situations likely not considered by Congress in passing a law. Rochelle discusses a study by University of Maine School of Law Professor Lois R. Lupica showing that bankruptcy reform in 2005 backfired on lenders who thought that making bankruptcy more difficult would lead to larger recoveries.

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