Contact: John Hartgen
             703-739-0800
             [email protected]

FOURTH ANNUAL CORPORATE RESTRUCTURING COMPETITION SCHEDULED FOR NOVEMBER

October 3, 2007, Alexandria, Va. — The American Bankruptcy Institute (ABI) and Northwestern University's Kellogg School of Management are co-sponsoring the Fourth Annual Corporate Restructuring Competition, to be held Nov. 8-10 at Northwestern University in Chicago.  The competition provides 12 of the nation’s top MBA programs with a unique opportunity to learn by solving a real-world restructuring case problem.

The students have a week to “solve” the problem and prepare comprehensive presentations showing their operational and financial plans before panels of judges representing senior company management and bondholders, with a final round before a mock board of directors. Judges for the competition are all experienced professionals from some of the top restructuring and financial firms in the country.

Past winners of the Corporate Restructuring Competition include Northwestern University’s Kellogg School of Management, the Stern Graduate School of Business of New York University and Stanford Graduate Business School. Winning teams receive prizes of $5,000 for first place, $3,000 for second, $1,750 for third and $1,250 for fourth place. The first-place school will also receive the Bettina M. Whyte Trophy, named in honor of the former ABI president and founder of the competition. To find out more about the competition’s rules, please visit www.abiworld.org/crc.

Schools competing this year in addition to New York University, Northwestern and Stanford are Carnegie Mellon University, University of Chicago, University of California-Berkeley, Duke University, Dartmouth University, University of Virginia, University of Pennsylvania, University of Michigan and Notre Dame University.

In addition to the case presentations, there will be a sponsored networking cocktail reception, a dinner featuring keynote speaker John McNichols, Managing Director of Research for Fidelity Management & Research Co., and an awards luncheon following the final round of the competition. The investment banking firm of Houlihan Lokey Howard & Zukin is providing the financial support for the competition.  

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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.