Contact: John Hartgen
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ABI RELEASES SECOND EDITION OF THE PREFERENCE HANDBOOK

 
June 2, 2008, Alexandria, Va. — Updated to address 2005 bankruptcy law changes, the American Bankruptcy Institute (ABI) released the ABI Preference Handbook, Second Edition, to provide a streamlined guide to the intricacies of preference claims and preference liability. As preference claims are one of the most common experiences a creditor will encounter in bankruptcy, author David B. Wheeler (Moore & Van Allen) wrote the Handbook to appeal to both lawyers and nonlawyers.
 
Preference claims in a bankruptcy case aim to prevent an insolvent company from favoring one creditor at the expense of another by allowing the bankruptcy estate to sue vendors to force them to return payments that were made within 90 days of the bankruptcy filing. The goal of the claim is to stop failing companies from making payments to preferred vendors just before they reach the point of insolvency.
 
The 90-page softbound manual is available for purchase ($25 ABI members; $45 non-members) at ABI’s Online Bookstore. Click here to order.

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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 11,700 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.