WeWork's recent Chapter 11 filing in New Jersey is the seventh large bankruptcy filing in the state since the previous November, as corporations increasingly choose the state as the destination to restructure their debt. New Jersey's share of large bankruptcies nationwide has risen to 5%, partly due to the stability provided by consistent judges in New Jersey and partly due to rulings attractive to corporations. Professor Robert Lawless told the Wall Street Journal changes may be needed to address the perception that companies can freely choose where to file their bankruptcy petitions. “I can understand the reasons why companies are going to New Jersey, but I still think this rampant forum shopping undermines confidence in the courts,” he said. “Something needs to be done.”

Read the full article from the Wall Street Journal.