Alexandria, Va. — The American Bankruptcy Institute has just released the latest edition of its ABI Preference Handbook. This is a major update to the Second Edition, published in 2008, and was a collaborative effort by members of ABI’s Unsecured Trade Creditors Committee. The creative team that helped co-author the Third Edition included Eric S. Chafetz of Lowenstein Sandler LLP (Westfield, N.J.), Lindsay Zahradka Milne of Bernstein Shur (Portland, Maine), Gianfranco Finizio of Kilpatrick Townsend & Stockton LLP (New York), Jarret P. Hitchings of Bryan Cave Leighton Paisner LLP (Charlotte, N.C.), Lauren Dorsett of Davis Wright Tremaine LLP (Seattle) and Eric J. Monzo of Morris James LLP (Wilmington, Del.).

As the authors note in their introduction, “Any company extending unsecured trade credit to its customers is likely, at some point in its business life, to face preference demands and lawsuits under the Bankruptcy Code.” This update not only explains why preference claims play such an important role in bankruptcy, but also why addressing them properly can help all creditors receive fair and equal treatment. The new book, which debuted at ABI’s Annual Spring Meeting last week, is an important addition to several other preference-related publications in ABI’s library: Preference Defense Handbook: The Circuits Compared (Third Edition) and Understanding Ordinary: A Primer on Financial and Economic Considerations for the Ordinary Course Defenses to Bankruptcy Preference Actions (Second Edition).

The softbound Handbook is available for $55 for ABI members and $69.95 for non-members at the ABI Bookstore (https://store.abi.org).

Members of the press interested in interviewing any of the co-authors should contact John Hartgen at 703-894-5935 or [email protected].

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ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes nearly 10,000 attorneys, accountants, bankers, judges, professors, lenders, turnaround specialists and other bankruptcy professionals, providing a forum for the exchange of ideas and information. For additional information on ABI, visit www.abiworld.org. For additional conference information, visit http://www.abi.org/calendar-of-events.