Updates
February 2017
The "Devil's Dictionary" is a quick-reference guide for commercial lenders and other restructuring professionals. In this series, we highlight many of the buzz words found in the Dictionary and used in today's bankruptcy arena.

VENUE: The proper place for filing a bankruptcy case. Filing may be in the federal judicial district in which the domicile, residence, principal place of business in the United States, or principal assets in the United States of the person or entity that is the subject of the case have been located for 180 days immediately before case commencement, or for a longer portion of such 180-day period than in any other district. Venue is considered proper wherever the case is filed unless a party objects. State of incorporation as a basis for venue, when a corporation does not do business nor own assets in the state in which the corporation is incorporated, has been often criticized as “forum shopping,” and is cited as a mechanism by which the Delaware bankruptcy bar receives a large share of major Chapter 11 filings. See also Joe Biden Campaign Contributions. See also Lopucki.

See 28 U.S.C. § 1408(a).

"The Devil's Dictionary" is an excellent reference tool that reflects the collective wisdom of its four authors, Brett Anders, Jim Bird, David Ferguson, and Dan Flanigan, who have a combined total of more than 110 years working in the forefront of real estate and other commercial finance, loan enforcement, financial restructuring and bankruptcy law.