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26

Flexible Venue Rules Play Important Role in Multimillion-Dollar Bankruptcy Filings

By Tony Seruga

While many of us were enjoying some August beach time, Judge Russell F. Nelms of the United States Bankruptcy Court in Fort Worth decided to use a ruling in a local case as a chance to drop a bombshell on the restructuring community.

The case in question is rather prosaic, and would normally be of little concern to anyone other than the litigants. Crosby National Golf Club in San Diego, which is controlled by a Texas company that oversees many golf courses, filed for bankruptcy as a result of a dispute with a gated residential community that borders the course.

The case was filed in Texas, given that the executives calling the shots have offices in Fort Worth…

Flexible Venue Rules Play Important Role in Multimillion-Dollar Bankruptcy Filings

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