Join Today and Benefit Daily from ABI's 35+ Years of Insolvency Expertise.
Join Today!
Help Center

Press Releases

May Commercial Chapter 11s Increase 48 Percent over Last Year, Total Filings Down 42 Percent

Alexandria, Va. Total commercial chapter 11 filings in May 2020 increased 48 percent from the previous year, according to data provided by Epiq. Commercial chapter 11 filings totaled 722 in May 2020, elevated from the May 2019 total of 487. Conversely, total commercial filings decreased 28 percent in May 2020, as the 2,578 filings were down from the 3,558 commercial filings registered in May 2019. The 39,969 total bankruptcy filings in May 2020 were down 42 percent from the 68,860 total filings in May 2019. Total consumer filings decreased 43 percent in May 2020, as the 37,391 filings fell from the 65,302 consumer filings registered in May 2019.

“Companies that tried to shore up their balance sheets at the beginning of the year represent the initial wave of chapter 11s due to the economic crisis brought about by the COVID-19 pandemic,” said ABI Executive Director Amy Quackenboss. “The CARES Act and other swift government measures have been successful in keeping consumers afloat during the crisis. As this relief runs its course, however, mounting financial challenges may result in more households and companies seeking the shelter of bankruptcy.”

ABI’s COVID-19 Resources website is continually updated for bankruptcy professionals and the public to access essential information and analysis regarding the financial distress being inflicted by the COVID-19 pandemic. The site features exclusive ABI content on the crisis, recommended member analysis, industry sector news, charts and more. Also, ABI’s SBRA Resources webpage is routinely updated with information, analysis and events related to the Small Business Reorganization Act that went into effect this year to make bankruptcy more accessible, efficient and cheaper for struggling small businesses.

May’s commercial chapter 11 filings represented a 29 percent increase from the 562 filings in April 2020. Total commercial filings were up 12 percent over the April 2020 commercial filing total of 2,293. Total bankruptcy filings in May represented a 4 percent increase over the 38,444 total filings recorded the previous month. Total noncommercial filings for May represented a 3 percent increase from the April 2020 noncommercial filing total of 36,151.

The average nationwide per capita bankruptcy filing rate in May was 1.98 (total filings per 1,000 per population), a decrease from the 2.09 filing rate during the first four months of the year. Average total filings per day in May 2020 were 1,998, a 36 percent decrease from the 3,130 total daily filings in May 2019. States with the highest per capita filing rates (total filings per 1,000 population) in May 2020 were:

1. Alabama (4.66)

2. Tennessee (4.05)

3. Delaware (3.90)

4. Mississippi (3.64)

5. Georgia (3.45) 

ABI has partnered with Epiq in order to provide the most current bankruptcy filing data for analysts, researchers and members of the news media. Epiq is a leading provider of managed technology for the global legal profession. To view the full monthly statistical tables provided by Epiq, be sure to visit ABI’s Newsroom.

For further information about the statistics or additional requests, please contact ABI Public Affairs Officer 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 nearly 11,000 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.abi.org. For additional conference information, visit http://www.abi.org/calendar-of-events.

Epiq is a leading provider of managed technology for the global legal profession. Epiq offers innovative technology solutions for electronic discovery, document review, legal notification, claims administration and controlled disbursement of funds. Epiq clients include leading law firms, corporate legal departments, bankruptcy trustees, government agencies, mortgage processors, financial institutions, and other professional advisors who require innovative technology, responsive service and deep subject-matter expertise. For more information on Epiq, please visit https://www.epiqglobal.com.

ABI Journal Article Provides Key Insights and Suggested Practices for Use of Structured Dismissals In Chapter 11

Alexandria, Va. — A “fourth” exit strategy of a structured dismissal in chapter 11 continues to grow as a popular option for companies after they conduct a §363 asset sale, according to an article in the May ABI Journal. “For decades, the conventional wisdom was that no matter why a business filed for chapter 11, there were only three ways for it to exit: (1) confirmation of a plan (which could include a liquidating plan); (2) conversion to chapter 7; or (3) dismissal,” ABI Vice President-Publications Lisa Sommers Gretchko of Howard & Howard Attorneys PLLC (Royal Oak, Mich.) and ABI Board member Paul R. Hage of Jaffe Raitt Heuer & Weiss (Southfield, Mich.) write in their article, “Nuts and Bolts of the Structured Dismissal of a Chapter 11 Case.” “Increasingly, however, chapter 11 cases are filed for the purpose of conducting so-called ‘free and clear’ sales of substantially all of a business’s assets pursuant to §363.”

Whereas traditional dismissal normally returns a debtor to its pre-petition state, a structured dismissal extends certain benefits obtained during the bankruptcy case post-dismissal without the cost or delay associated with confirming a liquidating plan, according to Gretchko and Hage. “Structured-dismissal orders have been characterized as a hybrid dismissal and confirmation order,” they write.

Although the Supreme Court reversed the approval of the structured-dismissal order in Jevic because it violated the Bankruptcy Code's priority scheme without the consent of the adversely impacted creditors, the Court’s language in Jevic suggests that a structured dismissal might be approved where such defects do not exist, according to Gretchko and Hage. In light of this decision, Gretchko and Hage recommend the following tips to practitioners considering structured-dismissal requests:

  1. The structured-dismissal order should contain a finding that "cause" exists for the structured dismissal, and the record should describe the circumstances creating such cause.
  2. Especially when the structured dismissal follows a 363 sale or court-approved settlement, the structured-dismissal order should provide that all orders entered in the bankruptcy case continue in full force and effect post-dismissal, and that the bankruptcy court retains jurisdiction relating to the implementation of the structured-dismissal order or any other order entered in the chapter 11 case.
  3. The structured-dismissal order should not be entered until after the bar date(s) for administrative expenses (including professionals’ fees) and unsecured claims has passed, and the universe of allowed expenses and claims has been finally determined pursuant to a claims-reconciliation process that is reasonable under the circumstances.
  4. In order to satisfy Jevic, any distribution contemplated under the order should comply with the absolute priority rule or, alternatively, note that adversely impacted creditors have consented to any deviation from the absolute priority rule.
  5. Some courts require that the structured-dismissal order list the proposed distributions to be made in a manner similar to a final report in a chapter 7 case (e.g., the claim amount and the amount to be distributed on that claim), and give parties notice and time after the structured-dismissal order in which to object to the order itself.
  6. The order should appoint a responsible person to supervise the distribution process and should provide that any funds remaining after the completion of the final distribution may be distributed pro rata to creditors in a subsequent distribution.
  7. The bankruptcy court will not dismiss the bankruptcy case until the completion of all the conditions/tasks set forth in the structured-dismissal order.
  8. In some cases, the debtor or other stakeholders will ask for various exculpations and releases for debtor and nondebtor parties in the dismissal order.

Members of the press looking to obtain a copy of “Nuts and Bolts of the Structured Dismissal of a Chapter 11 Case,” please contact ABI Public Affairs Officer 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 nearly 11,000 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.abi.org/education-events.

Total April Bankruptcy Filings Fall 46 Percent over Last Year, Commercial Chapter 11s Increase 26 Percent

Alexandria, Va. Total U.S. bankruptcy filings in April 2020 decreased 46 percent from the previous year, according to data provided by Epiq Systems, Inc. Bankruptcy filings totaled 38,428 in April 2020, down from the April 2019 total of 71,303. The 36,150 consumer bankruptcy filings in April 2020 were down 47 percent from the April 2019 consumer total of 67,802. Total commercial filings decreased 35 percent in April 2020, as the 2,278 filings were down from the 3,501 commercial filings registered in April 2019. Conversely, total commercial chapter 11 filings were up 26 percent to 560 in April 2020 from the April 2019 total of 444.

“The extraordinary measures taken by Congress and the Administration to assist individuals and businesses weather the initial economic shock caused by the pandemic have likely staved off bankruptcy filings to date,” said ABI Executive Director Amy Quackenboss. “As financial challenges continue to escalate amid this crisis, bankruptcy is sure to offer a financial safe harbor from the economic storm.” 

ABI recently launched its new COVID-19 Resources website for bankruptcy professionals and the public to access essential information and analysis regarding the financial distress being inflicted by the COVID-19 pandemic. The site features exclusive ABI content on the crisis, recommended member analysis, industry sector news, charts and more. New content will be added regularly, so be sure to visit and bookmark the COVID-19 Resources website by clicking here.

April’s total bankruptcy filings represented a 39 percent decrease when compared to the 62,866 total filings recorded the previous month. Total noncommercial filings for April also represented a 39 percent decrease from the March 2020 noncommercial filing total of 59,684. The commercial filing total represented a 28 percent decrease from the March 2020 commercial filing total of 3,182. Commercial chapter 11 filings increased 6 percent from the 530 filings in March 2020.

The average nationwide per capita bankruptcy filing rate in April was 2.09 (total filings per 1,000 per population), a decrease from the 2.29 filing rate during the first three months of the year. Average total filings per day in April 2020 were 3,239, a 3 percent decrease from the 3,323 total daily filings in April 2019. States with the highest per capita filing rates (total filings per 1,000 population) in April 2020 were:

1. Alabama (5.02)

2. Tennessee (4.44)

3. Mississippi (3.99)

4. Georgia (3.78)

5. Delaware (3.52) 

ABI has partnered with Epiq Systems, Inc. in order to provide the most current bankruptcy filing data for analysts, researchers and members of the news media. Epiq Systems is a leading provider of managed technology for the global legal profession. To view the full monthly statistical tables provided by Epiq Systems, be sure to visit ABI’s Newsroom.

For further information about the statistics or additional requests, please 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 nearly 11,000 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.abi.org. For additional conference information, visit http://www.abi.org/calendar-of-events.

Epiq Systems is a leading provider of managed technology for the global legal profession. Epiq Systems offers innovative technology solutions for electronic discovery, document review, legal notification, claims administration and controlled disbursement of funds. Epiq System’s clients include leading law firms, corporate legal departments, bankruptcy trustees, government agencies, mortgage processors, financial institutions, and other professional advisors who require innovative technology, responsive service and deep subject-matter expertise. For more information on Epiq Systems, Inc., please visit http://www.epiqsystems.com.

 

Paul Leake of Skadden, Arps, Slate, Meagher & Flom LLP Selected to ABI’s Board of Directors

Alexandria, Va. — The American Bankruptcy Institute (ABI) announces that Paul Leake of Skadden, Arps, Slate, Meagher & Flom LLP (New York) has been elected to ABI’s Board of Directors. An ABI member since 2011, Leake has served on the advisory boards of ABI’s New York City Bankruptcy Conference, Corporate Financial Restructuring Program, VALCON and Views from the Bench Program. He will serve a term of three years on the 60-member ABI Board of Directors.

Leake is global head of Skadden’s corporate restructuring practice and has led numerous large and complex U.S. and cross-border corporate workouts and restructurings. He represents debtors, commercial banks and bank groups, distressed investment funds, noteholder committees, official creditors’ committees and distressed investors in all forms of corporate restructurings.

Leake is regularly listed in rankings of leading restructuring lawyers in the U.S. and globally, including Chambers USA, Chambers Global, The Legal 500, K&A Restructuring Register, IFLR1000, The Best Lawyers in America and Turnarounds & Workouts. He has published and lectured extensively on U.S. and transnational insolvency matters.

Leake is a member of the board of directors of Her Justice, a nonprofit organization that supports women living in poverty in New York City by recruiting and mentoring volunteer lawyers to provide free legal help to address individual and systemic legal barriers. He also is a Fellow of the American College of Bankruptcy. Leake received his B.A. from Amherst College in 1985 and his J.D. from Columbia University in 1988.

The complete list of directors and officers is available at https://www.abi.org/about-us/board-of-directors.

                                                                ###

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 11,000 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.abi.org/calendar-of-events.

 

 

Eric L. Johnson of Spencer Fane LLP Selected to ABI’s Board of Directors

Alexandria, Va. — The American Bankruptcy Institute (ABI) announces that Eric L. Johnson of Spencer Fane LLP (Kansas City, Mo.) has been elected to ABI’s Board of Directors. An ABI member since 2001, Johnson is the co-chair of ABI's Secured Credit Committee, was a member of the steering committee for ABI's 40 Under 40 program and serves on the ABI Midwestern Bankruptcy Institute program. He will serve a term of three years on the 60-member ABI Board of Directors.

Johnson is a partner at Spencer Fane, co-practice group leader for its Banking and Financial Services Group, and practice group leader for its Bankruptcy, Restructuring and Creditors’ Rights Group. He represents clients in bankruptcy, nonbankruptcy insolvency proceedings such as receiverships and foreclosure proceedings, out-of-court workouts and restructurings, and other related insolvency matters. As an experienced litigator, Johnson also represents clients in complex insolvency-related litigation, including bankruptcy avoidance actions and other adversary proceedings and contested matters. He also is a member of the panel of chapter 7 trustees for the Western District of Missouri and is currently serving as a federal equity receiver.

Johnson currently serves as the chair of the Missouri Bar’s Business/Corporate Division and as president of the Kansas Bar Association’s Bankruptcy and Insolvency Section. In the past, he has served as co-chair for the Missouri Bar’s Bankruptcy Creditor/Debtor Rights Committee, as president and board member for the Kansas City Bankruptcy Bar Association, and as a member of the Bench Bar Committees for the U.S. Bankruptcy Courts for the District of Kansas and the Western District of Missouri. He has also served on various subcommittees for the Missouri Bar, including the subcommittee related to the Missouri Commercial Receivership Act.

Among his many distinctions, Johnson has been named to The Best Lawyers in America® from 2010-2020 and as its Lawyer of the Year (2017) in Litigation – Bankruptcy, and he was listed in the Kansas City Business Journal’s Best of the Bar from 2010-2016. He received his B.A. from the University of Northern Iowa in 1998 and his J.D. from the University of Iowa College of Law in 2001.

The complete list of directors and officers is available at http://www.abi.org/about-us/board-directors.

                                                                ###

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 11,000 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.abi.org/calendar-of-events.

Ericka Johnson of Womble Bond Dickinson LLP Selected to ABI’s Board Of Directors

The American Bankruptcy Institute (ABI) announces that Ericka Johnson of Womble Bond Dickinson LLP (Wilmington, Del.) has been elected to ABI’s Board of Directors. An ABI member since 2008, Johnson is the co-chair of ABI’s Emerging Industries and Technology Committee, was a member of the steering committee for ABI’s “40 Under 40” program and serves on the ABI Mid-Atlantic Bankruptcy Workshop Advisory Board. She will serve a term of three years on the 60-member ABI Board of Directors.

Johnson is a partner at Womble Bond Dickinson LLP. She formerly worked for a leading bank holding company, where she managed consumer finance operations and internal risk assessments and audits from the U.S. Office of the Comptroller of the Currency. Johnson calls on that experience for her clients, which include middle-market chapter 11 debtors, official unsecured creditors’ committees and plan fiduciaries. She has advised debtor-in-possession lenders, landlords, secured and unsecured creditors, and asset-purchasers on bankruptcy and corporate restructuring matters across manufacturing, retail, real estate, and media/technology sectors.

Johnson was selected to the Super Lawyers Delaware Rising Stars list from 2013-2017. Her pro bono service includes representing victims of domestic violence and children under the care of the Delaware Division of Family Services. Johnson received her B.A. from the University of Delaware and her J.D. from the University of Delaware Law School.

The complete list of directors and officers is available at http://www.abi.org/about-us/board-directors.

                                                                ###

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 11,000 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.abi.org/calendar-of-events.

H. David Cox of Cox Law Group Selected to ABI’s Board Of Directors

Alexandria, Va. — The American Bankruptcy Institute (ABI) announces that H. David Cox of Cox Law Group (Lynchburg, Va.) has been elected to ABI’s Board of Directors. An ABI member since 2006, Cox is the education director of ABI's Consumer Bankruptcy Committee, edited and helped revise ABI’s Consumer Bankruptcy: Fundamentals of Chapter 7 and Chapter 13 of the U.S. Bankruptcy Code, Fourth Edition, and was a member of ABI’s Consumer Commission Advisory Committee on Case Administration and the Estate. He will serve a term of three years on the 60-member ABI Board of Directors.

Cox practices bankruptcy law throughout the Western District of Virginia from his offices in Lynchburg, Danville, Harrisonburg, Staunton and Winchester. Prior to entering private practice, he served as a judicial law clerk for the late Hon. William E. Anderson. Cox is a permanent member of the Fourth Circuit Judicial Conference and a Fellow of the American College of Bankruptcy. He received his B.A. in 1992 from the Virginia Polytechnic Institute & State University and his J.D. from the University of Richmond T.C. Williams School of Law in 1995.

The complete list of directors and officers is available at http://www.abi.org/about-us/board-directors.

                                                                ###

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 11,000 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.abi.org/calendar-of-events.

 

Dawn Cica of Carlyon Cica Chtd. Selected to ABI’s Board Of Directors

Alexandria, Va. — The American Bankruptcy Institute (ABI) announces that Dawn Cica of Carlyon Cica Chtd. (Las Vegas) has been elected to ABI’s Board of Directors. An ABI member since 2010, Cica is the co-chair of ABI’s Asset Sales Committee and a member of the Business Reorganization, Claims Trading, Health Care, International, Secured Credit and Unsecured Trade Creditors Committees, and she is a frequent speaker at ABI events. She will serve a term of three years on the 60-member ABI Board of Directors.

A partner at Carlyon Cica, she has more than 30 years of experience working on transactions of all types, including transactional aspects of bankruptcy and creditors’ rights such as strategic resolutions, workouts, restructurings, settlements, debtor-in-possession financings and asset purchases/sales. Cica has been involved in many influential Nevada bankruptcies in various industries, including the Aladdin Resort, Station Casinos, Riviera Hotel & Casino, Jerry’s Nugget, Las Vegas Monorail, Lake Las Vegas, South Edge, Consolidated Resorts, Viansa Winery, Tower Homes, Village at Centennial Springs, CommPartners, Global Axcess, MEGO Financial, Integrated Financial Associates, USA Capital, Rodeo Creek Gold, Martifer Solar USA, Nevada Cancer Institute, Cal-Neva Lodge, LLC, New Cal-Neva Lodge, LLC, Nevada Gaming Partners, LLC, John Ritter, DC Solar, and Lucky Dragon Hotel and Casino. She has also participated in bankruptcies and assignments for the benefit of creditors in California and New York.

Cica received her B.S. from the University of Nevada, Reno, in 1984, and her J.D. in 1987 from the University of California, Los Angeles School of Law. She has received numerous industry and peer recognitions, including the National M&A Advisory Award for Real Estate Deal of the Year – Chapter 15 Sale of the Veris Gold Mine (2015), and as Nevada and Top 50 Women Mountain States Super Lawyer.

The complete list of directors and officers is available at http://www.abi.org/about-us/board-directors.

                                                                ###

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 11,000 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.abi.org/calendar-of-events.

William H. Henrich Elected to ABI’s Executive Committee

Alexandria, Va. — The American Bankruptcy Institute (ABI) announces that William H. Henrich of Getzler Henrich & Associates LLC (New York) has been elected to serve as an at-large member of ABI’s Executive Committee. An ABI member since 1998, Henrich is active in numerous ABI committees, a frequent speaker at ABI conferences and a contributor to the ABI Journal. He will serve a term of three years on the 60-member ABI Board of Directors.

Henrich is co-chair of Getzler Henrich & Associates LLC in New York and has more than 30 years of experience in turnaround and crisis management, loan workouts, bankruptcy consulting and performance improvement. He has also advised secured and unsecured creditors in chapter 11 bankruptcy proceedings, including developing plans of reorganization and providing bankruptcy forensic analysis to support litigation. Prior to joining Getzler Henrich, he served in Arthur Andersen’s corporate recovery services group, and in 1982 he started its New York bankruptcy and restructuring practice. A past president of the Turnaround Management Association’s New York chapter, he frequently speaks and writes on turnaround and bankruptcy issues. Mr. Henrich is a CPA and received his B.B.A. from Baruch College, City University of New York, and his M.B.A. from Harvard Business School.

The complete list of directors and officers is available at http://www.abi.org/about-us/board-directors

                                                                ###

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 11,000 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.

New ABI Website Supplies Bankruptcy Professionals with Key Resources to Help Navigate the Financial Crisis Resulting from the Covid-19 Pandemic

Alexandria, Va. — The American Bankruptcy Institute (ABI) launched its new COVID-19 Resources website for bankruptcy professionals and the public to access essential information and analysis regarding the financial distress being inflicted by the COVID-19 pandemic. The site features exclusive ABI content on the crisis, recommended member analysis, industry sector news, charts and more.

“Bankruptcy professionals are rising to meet the challenges faced by financially distressed businesses and consumers,” said ABI Executive Director Amy Quackenboss. “ABI’s new COVID-19 Resources site is a valuable tool to provide practitioners, businesses and consumers with the information they need to approach this evolving crisis.

Sections of the new site include:

  • COVID-19-Related ABI Resources: Access ABI webinars, podcasts and articles focused on the financial distress resulting from the pandemic.
  • Member Analysis: Read ABI member articles and blogs, and explore law firm pages devoted to responding to the COVID-19 financial crisis.
  • Industry News: See breaking news and reports on 16 different industry sectors, including small business, retail, energy, airlines, tourism and more.
  • Charts & Visualizations: View informative charts and statistics tracking developments related to the COVID-19 financial crisis.
  • COVID-19 Legal Information: Read the text of the laws that have been enacted to help stabilize and stimulate the U.S. economy amid the crisis.
  • Global Responses: Learn about the financial measures that other countries are taking in response to the crisis, with a compendium presented by ABI’s Global Insolvency site.

New content will be added regularly, so be sure to visit and bookmark the COVID-19 Resources website by clicking here.

###

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 11,000 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.abi.org/calendar-of-events.

 

Pages