Timing matters: Promoting forum shopping by insolvent corporations

Rasmussen and Thomas demonstrate that timing is the key to unraveling the controversy surrounding one of the most hotly contested aspects of current bankruptcy law, forum shopping by corporations seeking to reorganize under Chapter 11. Contrary to the prevailing wisdom, they maintain that forum shopping can increase the efficiency of the Bankruptcy Code, and venue choices should be increased, subject to one crucial change--the time at which the venue decision is to be made.