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Leading Scholars to Present Research and Proposals for Potential Chapter 11 Reforms at the ABI-Illinois Symposium on Chapter 11 Reform on April 3-5

Alexandria, Va. — Advancing the dialogue on important reform issues in conjunction with ABI’s Commission to Study the Reform of Chapter 11, ABI and the University of Illinois College of Law have assembled leading scholars to present academic papers on issues related to the Commission’s work. Scholars will present papers and debate the consequences of the increased importance of secured credit to modern restructuring law to members of the Commission and fellow scholars at the ABI-Illinois Symposium on Chapter 11 Reform at the Kirkland & Ellis Conference Center in Chicago on April 3-5. The papers presented at the Symposium will be published in a forthcoming issue of the University of Illinois Law Review. The purpose of ABI’s Commission to Study the Reform of Chapter 11 is to study and propose reforms to chapter 11 and related statutory provisions that will better balance the goals of facilitating the effective reorganization of business debtors — with the attendant preservation and expansion of jobs — and maximizing and realizing asset values for all creditors and stakeholders. In addition to the papers presented at the Symposium, the Commission, made up of 22 commissioners and 13 advisory committees, is reviewing testimony provided at hearings over the past two years in preparation for delivery of a Final Report to Congress at the end of 2014. The ABI-Illinois Symposium on Chapter 11 Reform will include the following papers: - Creditor Conflict and the Efficiency of the Corporate Reorganization Process - The Value of Soft Assets in Corporate Reorganizations - Statutory Erosion of Secured Creditors' Rights: Some Insights from the U.K. - Judicial Oversight of Financing in Detroit's Restructuring and Beyond - The Logic and Limits of Liens - An Empirical Investigation of Leases and Executory Contracts - Default Penalties in Chapter 11 - When Does Some Federal Interest Require a Different Result? An Essay on the Use and Misuse of Butner v. United States - What Is a Lien? Lessons from Municipal Bankruptcy - Derivatives and Collateral: Balancing Remedies and Systemic Risk - Rules of Thumb for Intercreditor Agreements - The (Il?) legitimacy of Bankruptcies for the Benefit of Secured Creditors - DIP Financing: The Good, The Bad and The Ugly - The Bankruptcy Clause, the Fifth Amendment, and the Limited Rights of Secured Creditors in Bankruptcy - Priority in Going-Concern Surplus - The Board’s Duty to Keep Its Options Open - The Role of Secured Credit in Chapter 11 Cases: An Empirical View For a schedule containing a list of all presenters and commentators at the Symposium, please click here: http://www.abiworld.org/IS14/schedule.html Members of the press that would like to attend the ABI Illinois Symposium on Chapter 11 Reform should contact ABI Public Affairs Manager John Hartgen at 703-894-5935 or jhartgen@abiworld.org. ### 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 than13,000 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.