Contact: John Hartgen
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ABI ENDOWMENT FUND RECEIVES PRODIGIOUS CONTRIBUTION FROM THE BAYARD FIRM

December 4, 2007, Alexandria, Va. — The Bayard Firm has agreed to make a $50,000 contribution to the American Bankruptcy Institute Endowment Fund - representing the largest single gift ever contributed to the Endowment Fund – in celebration of the firm’s 50th anniversary in 2008. The Bayard Firm’s contribution will be recognized during a ceremony at ABI’s Annual Spring Meeting, set to take place April 3-6, 2008, in Washington, D.C.

“Bayard is very pleased to celebrate its 50th Anniversary by contributing to the ABI Endowment Fund,” said Charlene D. Davis, a director with Bayard. “The Endowment Fund promotes education, research and new perspectives in the evolving field of bankruptcy law. Bayard’s gift to the Fund reflects the firm’s continuing professional commitment to the Fund’s goals and to constant improvement in the administration of justice.”

“We are delighted with this historic gift from The Bayard Firm to the ABI Endowment, and pleased that the firm has chosen ABI to celebrate their achievement of 50 years of service to the bankruptcy profession,” said ABI Vice President-Development Anthony H.N. Schnelling of Bridge Associates LLC (New York). “All of us at ABI congratulate them on their achievement as a firm and we look forward to honoring their gift at the Annual Spring Meeting in April.”

The ABI Endowment Fund was created in 1989 to provide a secure financial base for the Institute and to provide resources for insolvency research and education. Projects eligible for Endowment funding include research by individuals or entities relating to bankruptcy or insolvency; surveys or other analytical investigation; the education of judges, court personnel, other governmental personnel and the general public; scholarships or other educational grants; support for the Robert M. Zinman Resident Scholar; and support for both the Chief Judge Conrad B. Duberstein National Bankruptcy Memorial Moot Court Competition and ABI’s Corporate Restructuring Competition. Since 1998, the Fund has awarded nearly $750,000 in grants. Learn more about the ABI Endowment fund by visiting http://www.abiworld.org/contribute.

Over the last decade, Bayard’s Bankruptcy Group has participated in nearly every significant bankruptcy case in Delaware, providing services to debtors, creditors, committees, purchasers, trustees, lenders and shareholders in both chapter 11 and chapter 7, as well as state receiverships and insurance company rehabilitations. The core of the Group is led by ABI members Neil B. Glassman (chair), Charlene D. Davis, Jeffrey M. Schlerf and Ashley B. Stitzer, each a director of the firm. Three other associates are also ABI members: Eric M. Sutty, Mary E. Augustine and Kathryn D. Sallie. The Group handles all phases of the reorganization or liquidation of troubled companies, including out-of-court workouts. You can learn more about the firm at their Web site, www.bayardfirm.com.

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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 more than 11,500 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.abiworld.org/conferences.html.