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ABI’S RECENTLY UPDATED PRE-BANKRUPTCY PLANNING FOR THE COMMERCIAL REORGANIZATION HELPS EXECUTIVES NAVIGATE THROUGH INSOLVENCY PREPARATION

December 6, 2008, Alexandria, Va.— To provide a practical guide for executives of any financially distressed company considering chapter 11, the American Bankruptcy Institute has released Pre-Bankruptcy Planning for the Commercial Reorganization: A Brief Guide for the CEO, CFO/COO, General Counsel and Tax Advisor, Second Edition. This manual assists executives of financially distressed companies in planning for, and playing their respective roles in, the reorganization process. Pre-Bankruptcy provides executives a closer look at the essential steps involved in planning for company restructuring, such as proactive advance preparation, analysis and formulation of a well-defined exit strategy.

First published in 1997, this updated edition of the Guide includes important changes brought about by the Bankruptcy Abuse and Prevention Consumer Protection Act of 2005 and takes into account the current restructuring environment. Written by Thomas J. Salerno, Sean T. Cork, Craig D. Hansen, Jordan A. Kroop, Stephen D. Lerner and G. Christopher Meyer,Pre-bankruptcy Planning is must-have for attorneys and advisors of a financially-distressed company who need an accessible tool to help explain the chapter 11 process and the importance of preparing the company for reorganization. The 118-page softbound manual is available for $25 for ABI members and $45 for non-members.

To pre-order Pre-bankruptcy Planning for the Commercial Reorganization, please visit ABI’s Bookstore at http://www.abiworld.org/abistore.

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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 11,700 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.