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Bankruptcy Venue Reform Act of 2020

USA116th CongressS-5032| Senate 
| Updated: 12/16/2020
John Cornyn

John Cornyn

Republican Senator

Texas

Cosponsors (1)
Elizabeth Warren (Democratic)

Judiciary Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bankruptcy Venue Reform Act of 2020 This bill limits where a non-individual debtor (e.g., a corporate debtor) may file for bankruptcy. Specifically, these debtors must file in the district court for the district in which the principal place of business or principal assets of the debtor are located. Such a debtor may also file in a district where there is a pending bankruptcy case concerning an affiliate that has a certain level of control or ownership of the debtor (e.g., if the affiliate is a controlling shareholder of the debtor), if that pending case is in a proper venue under this bill. Under current law, these debtors may also file where they are domiciled (i.e., incorporated) or where there is a bankruptcy case pending concerning an affiliate, general partner, or partnership. For certain debtors who are issuers of securities, their principal place of business is defined in the bill as the address of the entity's principal executive office as provided in specified Securities and Exchange Commission filings.
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Timeline
Oct 28, 2019

Latest Companion Bill Action

HR 116-4421
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Dec 16, 2020
Introduced in Senate
Dec 16, 2020
Read twice and referred to the Committee on the Judiciary.
  • October 28, 2019

    Latest Companion Bill Action

    HR 116-4421
    Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.


  • December 16, 2020
    Introduced in Senate


  • December 16, 2020
    Read twice and referred to the Committee on the Judiciary.

Law

Related Bills

  • HR 116-4421: Bankruptcy Venue Reform Act of 2019
BankruptcyFederal district courtsJurisdiction and venueLawyers and legal services

Bankruptcy Venue Reform Act of 2020

USA116th CongressS-5032| Senate 
| Updated: 12/16/2020
Bankruptcy Venue Reform Act of 2020 This bill limits where a non-individual debtor (e.g., a corporate debtor) may file for bankruptcy. Specifically, these debtors must file in the district court for the district in which the principal place of business or principal assets of the debtor are located. Such a debtor may also file in a district where there is a pending bankruptcy case concerning an affiliate that has a certain level of control or ownership of the debtor (e.g., if the affiliate is a controlling shareholder of the debtor), if that pending case is in a proper venue under this bill. Under current law, these debtors may also file where they are domiciled (i.e., incorporated) or where there is a bankruptcy case pending concerning an affiliate, general partner, or partnership. For certain debtors who are issuers of securities, their principal place of business is defined in the bill as the address of the entity's principal executive office as provided in specified Securities and Exchange Commission filings.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Oct 28, 2019

Latest Companion Bill Action

HR 116-4421
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Dec 16, 2020
Introduced in Senate
Dec 16, 2020
Read twice and referred to the Committee on the Judiciary.
  • October 28, 2019

    Latest Companion Bill Action

    HR 116-4421
    Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.


  • December 16, 2020
    Introduced in Senate


  • December 16, 2020
    Read twice and referred to the Committee on the Judiciary.
John Cornyn

John Cornyn

Republican Senator

Texas

Cosponsors (1)
Elizabeth Warren (Democratic)

Judiciary Committee

Law

Related Bills

  • HR 116-4421: Bankruptcy Venue Reform Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
BankruptcyFederal district courtsJurisdiction and venueLawyers and legal services