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Top Bankruptcy Judge's Exit Shakes Houston Hub He Built - The Wall Street Journal

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U.S. Bankruptcy Judge David R. Jones resigned from the Southern District of Texas bench on Sunday.Photo: reuters tv/Reuters

Judge David R. Jones became the nation’s leading bankruptcy judge by making his court an attractive place for troubled businesses to face their creditors. His sudden departure over a previously undisclosed romantic relationship taints that legacy.

Jones turned his Houston courtroom into the top landing spot for big bankruptcies over the past decade by appealing to corporate management teams and their high-priced advisers. He handled more major corporate bankruptcies than any other judge in recent years, including department stores JCPenney and Neiman Marcus and oil-and-gas driller Chesapeake Energy.

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Top Bankruptcy Judge's Exit Shakes Houston Hub He Built - The Wall Street Journal
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