Restructure This! Episode 4: Views from the S.D. Texas Bankruptcy Bench
In this special installment of ‘Restructure This!’ sponsored by the American Bankruptcy Institute, we welcome Chief Judge David R. Jones and Judge Marvin Isgur from the United States Bankruptcy Court for the Southern District of Texas. The two esteemed jurists collectively have several decades of experience on the bench and have presided over some of the largest chapter 11 filings in recent memory, including Seadrill, J.C. Penney, iHeartMedia, and Ultra Petroleum. As part of today’s conversation, the judges opine on venue reform, third party releases, one day “prepacks,” and the propriety of repeat independent directors in chapter 11.
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What We Discussed in This Episode:
- The importance that the judges place on consumer debtor cases
- The basis for the rise of large chapter 11 filings in the Southern District of Texas
- Whether the current venue statute needs reform
- Policy concerns regarding third-party releases
- The circumstances in which expedited chapter 11 cases are appropriate
- The current independent director framework and whether legislative reform is necessary
- What separates great restructuring lawyers from others
This podcast is for informational and educational purposes only. It is not to be construed as legal advice specific to your circumstances. If you need help with any legal matter, be sure to consult with an attorney regarding your specific needs.