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Private Equity Lending Delaying Next Wave of Corporate Restructuring According to Latest ABI Poll

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

PRIVATE EQUITY LENDING DELAYING NEXT WAVE OF CORPORATE RESTURCTURING, ACCORDING TO LATEST ABI POLL

October 15, 2007, Alexandria, Va. —A majority of respondents (75 percent) to ABI’s latest online poll agreed that the growth in hedge fund and private equity lending is delaying the next wave of corporate restructuring. Forty-three percent of respondents “strongly agreed” and 32 percent “somewhat agreed” that the next wave of corporate restructurings is being delayed by the growth of hedge fund and private equity lending.

Eleven percent of respondents, however, did not agree that growth in hedge fund and private equity lending is delaying the next wave of corporate restructuring. Six percent “strongly disagreed” and 5 percent “somewhat disagreed” that the next wave of corporate restructuring was being delayed by the growth of hedge fund and private equity lending. Twelve percent of the respondents did not know or had no opinion on the issue.

The 19,695 business filings during the 12-month period ending Dec. 31, 2006, were the lowest on record under the current statistics reporting system, which was implemented in 1980. While up 45 percent during the first half of 2007 over the first half of 2006, business filings are still expected to be lower than previous years’ totals.

ABI members and members of the public were welcome to submit their response to the statement: The growth in hedge fund and private equity lending is delaying the next wave of corporate restructuring.

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 nearly 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.