Houston Has Tied Delaware as Corporate America's Favorite Place to Declare Bankruptcy
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
In Delaware, there are no major pro sports teams, no major TV stations, no major commercial airports, no mountains. The 96-mile long, 35-mile wide sleepy US state even has more chickens than people.
Now, one of the few things the place did have going for it — a reputation as the friendliest jurisdiction to sort out your bankrupt company — is being imperiled by big, bold, 790 mile-long Texas. New data shows bankruptcy lawyers are taking as many cases to Houston as The Diamond State.
Source Fool.com
