In a closely followed venue dispute, the Bankruptcy Court for the District of New Jersey recently held that venue in the District was proper in the Chapter 11 cases of Multi-Color Corporation and its affiliates.
Multi-Color and Bankruptcy Venue: New Jersey Bankruptcy Court Adopts “Asset-Based Approach” to “Principal Assets” Under Section 1408
In a closely followed venue dispute, the Bankruptcy Court for the District of New Jersey recently held that venue in the District was proper in the Chapter 11 cases of Multi-Color Corporation and its affiliates. The decision is significant because it offers an analytical framework for determining a debtor’s “principal assets” under section 1408 of the Bankruptcy Code.
By
Gerard S. Catalanello , Kimberly Schiffman and Brian M. Laine
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