Houston Bankruptcy Cases Fell 65% After Judge Exit, Report Says

Large corporate bankruptcies in the Southern District of Texas decreased by 65% in the first half of 2024 compared with the first half of 2023 following a top bankruptcy judge’s resignation, according to a new report.

The US Bankruptcy Court for the Southern District of Texas remained the second most preferred venue for big restructurings in the last 12 months behind Delaware, according to a report released Wednesday by financial and economic consulting firm Cornerstone Research. But after David R. Jones’ resignation announcement in October 2023 under a cloud of ethics concerns, the venue saw a decrease in big bankruptcies ...