The CLLA supports Bankruptcy Venue Reform because it constructively attempts to rebalance the interests of all parties in bankruptcy by making sure that the bankruptcy reorganization process remains within the regions and communities that have the most significant vested interest in the outcome. To learn more about the CLLA's position on this issue, please see this position paper.
Councilmember Supports Federal Bankruptcy Venue Law Reform
Under the title of all politics are local, City of Berkley Councilmember Kriss Worthington has introduced a recommendation to adopt a resolution to the California Legislature and the California Congressional Delegation in support of Federal Bankruptcy Venue Law Reform. Councilmember Worthington said that "allowing these cases to be filed in foreign districts not only affects CA's economy but also disenfranchises many of the employees, retirees, consumers, landowners, communities, and small business owners who will be most heavily impacted by the outcome of the case." The CLLA has been a staunch advocate of Venue Reform and continues to push for changes to the Bankruptcy Code. Click here for a complete copy of Councilmember Worthington's recommendation.
Venue Reform Hearing Took Place on Fri., Nov. 22
CLLA Board member Peter Califano, of Cooper, White & Cooper LLP, and CLLA member, Doug Rosner, attended ABI's field hearing on the Ch. 11 venue issue in Austin, Texas. Mr Rosner gave a statement in support of venue reform. The Venue Reform Group, which includes several CLLA members, has written a paper on the issue that is filed under Doug's name.
CLLA member Steve Sather, of Barron & Newburger, PC, has written a blog on the recent venue reform commission hearing. Click here to read his post.