Referred to the House Committee on the Judiciary.
Summary
The Bankruptcy Venue Reform Act amends federal venue rules so Chapter 11 cases must be filed in the district where the debtor’s principal place of business or principal assets were located for the majority of the 180 days before filing, and it limits venue changes based on recent ownership or location shifts. It applies to individuals and business entities, especially publicly‑reporting corporations, and shifts the burden of proving proper venue to the filing party. The goal is to reduce concentration of cases in a few districts and improve fairness for creditors, employees, retirees, and local courts.
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