John W. Weiss Quoted in The Deal on New Jersey Becoming A Sought-After Destination for Noteworthy Chapter 11 Filings
John W. Weiss, chair of the Bankruptcy, Restructuring & Creditors’ Rights practice at Pashman Stein Walder Hayden P.C., was recently quoted in an article in The Deal, “How New Jersey Became Apple of Bankruptcy Practitioner Eyes.” The article discusses how the U.S. Bankruptcy Court for the District of New Jersey has gained traction as a venue for large, complicated bankruptcy filings.
The article noted that New Jersey has and is hosting the filings of Bed Bath & Beyond Inc., Rite Aid Corp., Cyxtera Technologies Inc., and WeWork Inc., with collective liabilities for these four companies totalling roughly $35 billion, according to data compiled by The Deal.
“New Jersey has solidified its status as a place to go," said John W. Weiss, "You’ve got good judges. They move cases very quickly, which leads to efficiency and lower costs.”
To read the full article from The Deal, click here.