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Bankruptcy Courts Can Prohibit Strike at Debtors Place of Business According to New ABI Poll

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

BANKRUPTCY COURTS CAN PROHIBIT STRIKE AT DEBTOR’S PLACE OF BUSINESS, ACCORDING TO NEW ABI POLL

October 23, 2006, Alexandria, Va. — A majority of respondents (52 percent) in a recent American Bankruptcy Institute online poll agreed that a bankruptcy court has the authority to prohibit a union-endorsed strike at a debtor’s place of business. Thirty-nine percent of respondents “strongly agreed” and another 13 percent “somewhat agreed” that a bankruptcy court could prohibit a strike at a debtor’s place of business.

Thirty-two percent disagreed that a bankruptcy court could prohibit a strike at the location of the distressed company. Ten percent of respondents “somewhat disagreed,” while 22 percent “strongly disagreed” that bankruptcy courts have the authority to enjoin a union-endorsed strike at the debtor’s place of business. Sixteen percent did not know or had no opinion on the issue.

ABI members and members of the public were welcome to submit their response to the statement: “A bankruptcy court has the authority to enjoin a union-endorsed strike at the debtor’s place of business.” The latest ABI Quick Poll that was open for voting from Oct. 12-19.

ABI’s weekly Quick Poll is posted on ABI’s home page, www.abiworld.org. ABI members and the public are invited to respond to a question on a timely bankruptcy or insolvency issue. Visit http://www.abiworld.net/quickpoll/ to access the results of previous ABI Quick Polls.

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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.