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US venue bill poses eligibility questions for foreign bankruptcy tourists

By Kyriaki Karadelis

11 January 2018

US venue bill poses eligibility questions for foreign bankruptcy tourists istock.com/mphillips007

A bipartisan bill placed before the US senate this week that seeks to modify the venue requirements for Chapter 11 cases could deny eligibility “via the backdoor” to international companies seeking to file for bankruptcy in the US.