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News Releases

Releases

Bankruptcy Lawyer Rhett Campbell says Enron's Bankruptcy Spawned Current Cleanup Efforts
 
November 7, 2011 6:00 am

Enron was an Oregon corporation with a Texas headquarters, and yet its then-largest bankruptcy was filed and anchored controversially in a New York court, where smaller creditors from around the country had trouble finding affordable representation. "I don't know of a case where venue was so inappropriately set in New York as in the Enron case. The decision to leave it in New York has been heavily criticized," says Rhett Campbell, a bankruptcy lawyer in Thompson & Knight's Houston office. "The problem of venue-shopping corporate bankruptcy filings has resulted in an effort in Congress to change the rules. Small and moderately sized creditors are largely disenfranchised by the present law, and the Enron case proved that clearly." For more information, contact Barry Pound at 800-559-4534 or barry@androvett.com


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