4 ms·
They filed in Manhattan in particular for very good reason - the venue is extremely good at huge, complex bankruptcies like this. It's non-trivial to unwind the
by local_issues 3y ago
They filed in Manhattan in particular for very good reason - the venue is extremely good at huge, complex bankruptcies like this. It's non-trivial to unwind these financial obligations, and is really only done in NYC.
https://en.wikipedia.org/wiki/United_States_Bankruptcy_Court_for_the_Southern_District_of_New_York https://en.wikipedia.org/wiki/United_States_Bankruptcy_Court...