Chip Bowles Receives ABIs Highest Annual Award
Contact: John Hartgen
CHIP BOWLES RECEIVES ABI’S HIGHEST ANNUAL AWARD
December 16, 2008 Alexandria, Va. — The American Bankruptcy Institute (ABI) presented C.R. “Chip” Bowles of Greenebaum Doll & McDonald PLLC (Louisville, Ky.) with its prestigious Annual Service Award. An ABI member since 1992 and a member of ABI’s Board of Directors, Bowles received the award in recognition for his work and leadership on ABI’s Chapter 11 Professional Fee Study that was released last year. Bowles was the chairman of the study’s practitioner advisory panel and steering committee. The Service Award, ABI’s highest membership award, is presented to the ABI member whose contributions over the past year have been extraordinary, as determined by ABI’s Advisory Board of past presidents. The presentation occurred at the recent ABI Winter Leadership Conference.
The ground-breaking fee study funded by the ABI Endowment Fund revealed that numerous factors, such as the presence of creditors’ committees, influenced the total professional costs of chapter 11 bankruptcy cases. While previous studies have primarily focused on a company’s asset size, number of firms involved in the case and the duration of the proceeding as the primary factors influencing the total cost of professional fees, ABI’s Chapter 11 Professional Fee Study looked at additional factors in examining more than 1,000 chapter 11 bankruptcy cases filed in 2004.
Bowles concentrates his practice in the area of
distressed asset sales, professional compensation, representation of
nonattorney professionals, and debtor and creditor rights. He is a
member of the American,
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.