Examining Key Developments of ABI’s Chapter 11 Commission During 2013 and the Steps to the Final Report for 2014
ABI’s Chapter 11 Commission’s 2013 hearings and preview the next steps for the Commission’s final report at the end of in 2014.
Commission Co-Chair Robert J. Keach of Bernstein Shur (Portland, Maine)
Commission Co-Chair Al Togut of Togut, Segal & Segal, LLP (New York)
Commission Reporter Prof. Michelle M. Harner of the University of Maryland Francis King Carey School of Law
ABI Resident Scholar Prof. Kara Bruce of the University of Toledo College of Law (Toledo, Ohio)
The Commission concluded a busy year of public field hearings on Nov. 22. Witnesses presented testimony on potential fixes to the Bankruptcy Code for business bankruptcies. Examining topics such as the expansion of the use of secured credit, the growth of distressed-debt markets and other externalities that have affected the effectiveness of the current Bankruptcy Code, the Commission will propose reforms to chapter 11 and related statutory provisions. The work of the Commission is expected to deliver a Final Report to Congress at the end of 2014 The teleconference features Commissioners examining the progress of the Commission in 2013 and steps toward the final report at the end of 2014. Members of the media who have additional questions about the work of ABI's Chapter 11 Reform Commission should contact John Hartgen at [email protected] or 703-894-5935.