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ABIS New Bankruptcy Town Hall Web Site Features Debate over U.S. Automakers

Contact: John Hartgen
                703-739-0800
                jhartgen@abiworld.org

ABI’S NEW “BANKRUPTCY TOWN HALL” WEB SITE FEATURES DEBATE OVER U.S. AUTOMAKERS

January 16, 2009, Alexandria, Va. — The American Bankruptcy Institute launched a new Web site, townhall.abiworld.org, to provide a forum for both practitioners and the public to read and share their views on current bankruptcy topics that are being debated on Capitol Hill and throughout the nation. The site features commentary on the issues from experts on both sides of the debate, and users visiting the site are encouraged to leave their opinions as well. The Bankruptcy Town Hall site will be updated with new issues and commentary throughout the year as new developments surface that will affect consumer or business bankruptcies.

The site currently features views on the ongoing debate about whether the federal government should bail out U.S. auto manufacturers or allow the companies to file for bankruptcy. General Motors and Chrysler were granted a federal loan package totaling $17.4 billion in December 2008, but the possibility of continued federal bailouts or bankruptcy for the U.S. auto sector remains as the industry continues to struggle under the strain of dwindling sales, large inventories and reduced access to private capital as a result of the global credit crunch.

Please click here to view townhall.abiworld.org.  

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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.