Bankruptcy Crimes, Chapter 11 Issues, Consumer Trends and More to Be Discussed at the 48th Paskay Seminar Feb. 15-16 in Tampa
Alexandria, Va. — ABI and Stetson University College of Law will be presenting the 48th Annual Alexander L. Paskay Memorial Bankruptcy Seminar at the Westin Tampa Waterside in Tampa, Fla., Feb. 15-16. The memorial CLE program honors the lifetime achievements of the late Bankruptcy Judge Alexander L. Paskay. Attendees will hear analysis from some of the leading practitioners and judges on business and consumer case trends. The keynote speaker at this year’s program is author and former FBI Agent Joe Navarro, who will explore the applied use of nonverbal communication in business to better understand, manage or negotiate with others. Attendees have the opportunity to earn up to 8.75 hours of general CLE credit, including 2 hours of ethics. Judicial co-chairs for the conference are Bankruptcy Judges Caryl E. Delano (M.D. Fla.; Tampa) and Mindy A. Mora (S.D. Fla.; West Palm Beach), and the conference chair is Luis E. Rivera of Gray Robinson, P.A. (Fort Myers, Fla.).
Plenary sessions include:
- Bankruptcy Crimes
- Adversary Proceedings and Evidence
- Judicial Roundtable Workouts: Problems, Problems, Problems!
Business Sessions include:
- Assignment for the Benefit of Creditors vs. Receivership vs. Subchapter V vs. Chapter 7
- Chapter 11 Updates and Core Issues
- Appeals
Consumer Sessions include:
- Consumer Issues Potpourri: What’s New, What’s Trending, and What Isn’t Trending that Should Be!
- The Coerced, Vulnerable or Incapacitated Debtor: What Are Your Ethical Obligations?
- Creditor Remedies: Point/Counterpoint
To view the full schedule and list of speakers at the seminar, please click here.
Members of the press looking to attend the Paskay Memorial Bankruptcy Seminar should contact ABI Public Affairs Officer John Hartgen at 703-894-5935 or [email protected].
For more information about the Paskay Memorial Bankruptcy Seminar, please click here.
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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 10,000 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.
Commercial Chapter 11 Filings Increase 72 Percent in Calendar Year 2023
Commercial Chapter 11 Filings Increase 72 Percent in Calendar Year 2023
Total Filings Up 18 Percent
NEW YORK/ALEXANDRIA – Jan. 3, 2024 — Commercial chapter 11 filings increased 72 percent to 6,569 in calendar year 2023 from the previous year’s total of 3,819, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data.
Overall commercial filings increased 19 percent to 25,627 from the 21,479 registered the previous year. Subchapter V elections within chapter 11 also experienced a substantial increase in calendar year 2023, as the 1,939 filings represented a 45 percent increase from the 1,334 recorded in 2022.
Total bankruptcy filings in calendar year 2023 were 445,186, an 18 percent increase from the 378,390 registered during calendar year 2022. While representing a substantial year-over-year increase, total bankruptcy filings remain lower than the pre-pandemic total of 757,816 recorded in CY2019.
“As anticipated, we saw new filings in 2023 increase momentum over 2022 with a significant number of commercial filers leading the expected increase and normalization back to pre-pandemic bankruptcy volumes,” said Michael Hunter, Vice President of Epiq AACER. “We expect the increase in number of consumer and commercial filers seeking bankruptcy protection to continue in 2024 given the runoff of pandemic stimulus, increased cost of funds, higher interest rates, rising delinquency rates, and near historic levels of household debt.”
Overall consumer filing totals for calendar year 2023 were 419,559, representing an 18 percent increase from the 356,911 consumer filings the previous year. The 175,964 consumer chapter 13 bankruptcy filings during calendar year 2023 also registered an 18 percent increase over 2022’s total of 149,069. Consumer chapter 7 filings increased 17 percent in CY2023 to 242,936 from 207,188 filings the previous year.
"Though still below pre-pandemic figures, bankruptcies in all filing categories climbed last year amid the evaporation of pandemic emergency responses, increased interest rates and tougher lending standards," said ABI Executive Director Amy Quackenboss. "As interest rates remain elevated, increasing geopolitical tensions weigh on global supply chains and debt loads continue to grow, struggling businesses and families can turn to the proven process of bankruptcy for a financial fresh start."
In partnership with Epiq, an abiLIVE webinar at 2:30 p.m. ET, Jan. 9 will feature experts looking at CY2023 filing trends and providing their thoughts on what could happen with bankruptcies in the year ahead. Speakers on the program include Michael Hunter of Epiq AACER (Jacksonville, Fla.), Lindsay Zahradka Milne of Bernstein, Shur, Sawyer & Nelson, P.A. (Portland, Maine) and ABI's Ed Flynn (Alexandria, Va.). Deirdre O’Connor of Epiq (New York) will serve as moderator for the program. Click here for a complimentary registration.
Total bankruptcy filings were 34,447 in December 2023, a 16 percent increase from the December 2022 total of 29,654. The consumer bankruptcy filing total of 32,390 also represented a 16 percent increase from the 27,917 consumer filings in December 2022. Overall commercial filings increased 18 percent in December 2023, as the 2,057 filings were up from the 1,737 commercial filings registered in December 2022. The 503 commercial chapter 11 filings in December represented a 54 percent increase from the 326 filings in December 2022. Subchapter V elections within chapter 11 experienced a 77 percent increase, from 114 in December 2022 to 202 in December 2023.
ABI has partnered with Epiq AACER to provide the most current bankruptcy filing data for analysts, researchers, and members of the news media. Epiq AACER is the leading provider of data, technology, and services for companies operating in the business of bankruptcy. Its Bankruptcy Analytics subscription service provides on-demand access to the industry’s most dynamic bankruptcy data, updated daily. Learn more at https://bankruptcy.epiqglobal.com/analytics.
About Epiq
Epiq, a global technology-enabled services leader to the legal industry and corporations, takes on large-scale, increasingly complex tasks for corporate counsel, law firms, and business professionals with efficiency, clarity, and confidence. Clients rely on Epiq to streamline the administration of business operations, class action, and mass tort, court reporting, eDiscovery, regulatory, compliance, restructuring, and bankruptcy matters. Epiq subject-matter experts and technologies create efficiency through expertise and deliver confidence to high-performing clients around the world. Learn more at www.epiqglobal.com.
About ABI
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 10,000 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.
ABI Releases Preliminary Report Recommending Congress Maintain the $7.5 Million Debt Eligibility Limit for Small Businesses Looking to Reorganize Under Subchapter V
Alexandria, Va. — The American Bankruptcy Institute (ABI) Subchapter V Task Force today released its “Preliminary Report of ABI’s Subchapter V Task Force on Maintaining the $7,500,000 Debt Cap for Subchapter V Eligibility” with findings to support permanently maintaining the eligibility limit of $7.5 million in aggregate noncontingent, liquidated debt for small businesses looking to reorganize under subchapter V. The Task Force’s Preliminary Report, which was also transmitted today to key members of Congress, is the result of nine months of public hearings, roundtable discussions and an industry survey inviting comment on Subchapter V.
“As the Preliminary Report notes, subchapter V is imperative for this category of debtors that cannot reorganize in a regular chapter 11 case and would otherwise liquidate and close, thus harming owners, employees, and creditors,” ABI President Soneet Kapila of Kapila Mukamal (Ft. Lauderdale, Fla.) writes in the letter to Senate Judiciary Chairman Richard Durbin (D-Ill.), Ranking Member Sen. Lindsay Graham (R-S.C.), Rep. Thomas Massie (R-Ky.), chair of the House Judiciary Subcommittee on the Administrative State, Regulatory Reform, and Antitrust, and Rep. Luis Correa (D-Calif.), the ranking member of the subcommittee. “Had the $7.5 million debt cap not been in place, given the cost of restructuring alternatives, these businesses would likely have been extinguished, thereby leading to the loss of jobs and harm to the economy.”
The Small Business Reorganization Act of 2019 (SBRA) went into effect on February 19, 2020, with a debt eligibility limit of $2,725,625 for struggling small businesses looking for a more economical and efficient way to reorganize their debts within chapter 11 of the Bankruptcy Code. In March 2020, the eligibility limit was expanded to $7.5 million through the CARES Act of 2020, and it received subsequent legislative extensions that are scheduled to sunset in June 2024.
The Task Force’s Preliminary Report found that nearly 30% of all chapter 11 bankruptcy cases filed since the enactment of the SBRA have been subchapter V cases. Significantly, the Task Force found that more than 25% of these subchapter V debtors would have been ineligible for subchapter V relief under the lower cap.
“Most subchapter V debtors have filed bankruptcy while the $7.5 million debt cap has been in place,” Kapila noted in the letter. “Reverting to the lower debt cap would make reorganization inaccessible to many smaller businesses.”
To access the Preliminary Report and find out more about the work of ABI’s Subchapter V Task Force, please visit https://subvtaskforce.abi.org/.
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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 10,000 attorneys, financial advisors, 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.
November Commercial Chapter 11 Filings Increase 141 Percent over 2022 Propelled by WeWork Bankruptcy
November Commercial Chapter 11 Filings Increase 141 Percent over 2022 Propelled by WeWork Bankruptcy
Total Filings Increased by 21 Percent
NEW YORK/ALEXANDRIA – Dec. 4, 2023 — The bankruptcy filing by WeWork, Inc. in November propelled November commercial chapter 11 filings to 842, an increase of 141 percent over the 349 filings registered in November 2022, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data.
The case filed by WeWork, Inc. on Nov. 6 included 517 related filings, according to an ABI analysis, representing the third-most related filings in a case since the Bankruptcy Code became effective in 1979.
Overall commercial filings increased 21 percent to 2,252 in November 2023, up from the 1,864 commercial filings registered in November 2022. Small business filings, captured as subchapter V elections within chapter 11, increased 79 percent to 181 in November 2023, up from 101 in November 2022.
Total bankruptcy filings were 37,860 in November 2023, a 21 percent increase from the November 2022 total of 31,187. Individual bankruptcy filings also registered a 21 percent year-over-year increase, as the 35,608 in November 2023 represented an increase over the 29,323 filings in November 2022. There were 20,250 individual chapter 7 filings in November 2023, a 23 percent increase over the 16,421 filings recorded in November 2022, and there were 15,280 individual chapter 13 filings in November 2023, a 19 percent increase over the 12,862 filings the previous November.
“Individual bankruptcy filings continue to rise as support from government stimulus and lender forbearance programs recedes, and ongoing price inflation and higher lending rates put pressure on household balance sheets,” said Todd Madsen, AACER Vice President. “Commercial filings also continue to rise as businesses struggle to refinance debt in today’s higher rate environment."
"The rebound in filings seen this year is a reflection of the challenging economic environment resulting from the evaporation of pandemic responses, including government stimulus, low interest rates and looser lending terms," said ABI Executive Director Amy Quackenboss. "Bankruptcy provides a reliable beacon to consumers and businesses struggling to navigate the financial terrain of higher interest rates, tighter lending terms and elevated pricing."
Most categories of bankruptcy filings decreased slightly from the previous month. Only commercial chapter 11 filings registered an increase, bolstered by the WeWork filings. Commercial chapter 11s increased 31 percent from October’s 645 filings. Total and consumer bankruptcies both decreased 7 percent when compared to their respective October filing totals of 40,663 for total filings and 38,287 for consumer filings. Individual chapter 7s decreased 9 percent, and chapter 13s decreased 4 percent, from October’s filings. Overall commercial filings decreased 5 percent from the 2,376 filings registered in October. Subchapter V elections within chapter 11 decreased 2 percent from the 185 filed in October 2023.
ABI has partnered with Epiq Bankruptcy to provide the most current bankruptcy filing data for analysts, researchers, and members of the news media. Epiq Bankruptcy is the leading provider of data, technology, and services for companies operating in the business of bankruptcy. Its Bankruptcy Analytics subscription service provides on-demand access to the industry’s most dynamic bankruptcy data, updated daily. Learn more at https://bankruptcy.epiqglobal.com/analytics.
About Epiq
Epiq, a global technology-enabled services leader to the legal industry and corporations, takes on large-scale, increasingly complex tasks for corporate counsel, law firms, and business professionals with efficiency, clarity, and confidence. Clients rely on Epiq to streamline the administration of business operations, class action, and mass tort, court reporting, eDiscovery, regulatory, compliance, restructuring, and bankruptcy matters. Epiq subject-matter experts and technologies create efficiency through expertise and deliver confidence to high-performing clients around the world. Learn more at www.epiqglobal.com.
About ABI
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 10,000 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.
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Press Contacts
John Hartgen
ABI, Public Affairs Officer
[email protected]
Carrie Trent
Epiq, Director of Communications & Public Relations
[email protected]
Iana Vladimirova of Stafford Rosenbaum LLP Selected as One of ABI's 2023 "40 Under 40"
Alexandria, Va.— ABI announces that Iana Vladimirova of Stafford Rosenbaum LLP (Madison, Wis.) has been selected as one of ABI’s “40 Under 40,” ABI’s award program that recognizes 40 of the top insolvency industry professionals under the age of 40. The honorees will be recognized at a special ceremony on Dec. 1 at ABI’s 2023 Winter Leadership Conference at the Fairmont Scottsdale Princess in Scottsdale, Ariz.
Vladimirova is a partner with Stafford Rosenbaum LLP and represents debtors and creditors in all types of insolvency matters. Among her clients are large financial institutions, corporate entities, business owners, individuals, condominium associations and equipment finance lenders. Vladimirova counsels clients in chapter 7, 11, 12 and 13 proceedings, foreclosure actions and state court receiverships. She was recently elected to the board of the Bankruptcy, Insolvency and Creditors’ Rights Section of the State Bar of Wisconsin. Vladimirova also is a member of ABI’s Central States Bankruptcy Workshop Advisory Board, and she has served as secretary on the board of IWIRC Wisconsin since 2019. That same year, she also was selected by NCBJ to participate in its annual NextGen program. Vladimirova has been listed in The Best Lawyers in America as one of its “Ones to Watch” for Bankruptcy and Creditor/Debtor Rights/Insolvency and Reorganization Law since 2021, and she has been named a Wisconsin Super Lawyers “Rising Star” since 2021. She was honored by the Wisconsin Pro Bono Honor Society in 2020 for her commitment to pro bono work. In her community, Vladimirova serves as treasurer on the board of the Children’s Theater of Madison.
“The members of the 2023 class are an inspiration for the commitment, creativity and ingenuity that they demonstrate in both their careers and communities,” said ABI Executive Director Amy Quackenboss. “This diverse collection of honorees is comprised of future leaders that will drive ABI and the insolvency community forward.”
The “40 Under 40” winners are distinguished by professional achievements and service and were selected by a group of experienced professionals from ABI’s current leadership. Now in its seventh year, the goal of ABI’s “40 under 40” award program is not simply to create a one-time ceremony, but to fully engage those selected as future leaders in the insolvency profession and to build on the initiative each year.
Click here to view the full list of the 2023 “40 Under 40” honorees.
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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 10,000 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.
Meredith Theisen of Rubin & Levin, P.C. Selected as One of ABI's 2023 "40 Under 40"
Alexandria, Va.— ABI announces that Meredith Theisen of Rubin & Levin, P.C. (Indianapolis) has been selected as one of ABI’s “40 Under 40,” ABI’s award program that recognizes 40 of the top insolvency industry professionals under the age of 40. The honorees will be recognized at a special ceremony on Dec. 1 at ABI’s 2023 Winter Leadership Conference at the Fairmont Scottsdale Princess in Scottsdale, Ariz.
Theisen is a partner with Rubin & Levin, P.C. and concentrates her practice in the areas of bankruptcy, bankruptcy litigation, debtors’ and creditors’ rights, business representation, secured transactions, real estate sales, state court receiverships, commercial litigation, and bankruptcy trustee and state court receiver representation. Her bankruptcy practice includes representing individuals, businesses, debtors and creditors in chapter 7, 11, 12 and 13 bankruptcy cases, chapter 11 creditor committees, out-of-court debt restructurings, receivership actions and litigation matters. A frequent speaker and author, Theisen chaired the Indiana State Bar Association’s Bankruptcy & Creditors’ Rights Section from 2021-22, chaired the Indianapolis Bar Association’s Commercial & Bankruptcy Law section in 2019, served as an at-large member of the Indianapolis Bar Association’s board of directors from 2020-22, was named a Distinguished Fellow of the Indianapolis Bar Foundation in 2016, and is vice chair of the International Women’s Insolvency & Restructuring Confederation’s (IWIRC’s) Kentucky, Indiana and Tennessee (KIT) Network. In addition, Theisen was selected to the Indiana Super Lawyers “Indiana Rising Stars” list from 2021-23.
“The members of the 2023 class are an inspiration for the commitment, creativity and ingenuity that they demonstrate in both their careers and communities,” said ABI Executive Director Amy Quackenboss. “This diverse collection of honorees is comprised of future leaders that will drive ABI and the insolvency community forward.”
The “40 Under 40” winners are distinguished by professional achievements and service and were selected by a group of experienced professionals from ABI’s current leadership. Now in its seventh year, the goal of ABI’s “40 under 40” award program is not simply to create a one-time ceremony, but to fully engage those selected as future leaders in the insolvency profession and to build on the initiative each year.
Click here to view the full list of the 2023 “40 Under 40” honorees.
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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 10,000 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.
Amanda Steele of Richards, Layton & Finger, P.A. Selected as One of ABI's 2023 "40 Under 40"
Alexandria, Va.— ABI announces that Amanda Steele of Richards, Layton & Finger, P.A. (Wilmington, Del.) has been selected as one of ABI’s “40 Under 40,” ABI’s award program that recognizes 40 of the top insolvency industry professionals under the age of 40. The honorees will be recognized at a special ceremony on Dec. 1 at ABI’s 2023 Winter Leadership Conference at the Fairmont Scottsdale Princess in Scottsdale, Ariz.
Steele is the first female director of the Bankruptcy & Corporate Restructuring Group at Richards, Layton & Finger, P.A., where she focuses her practice on corporate restructuring, bankruptcy and other insolvency matters. She regularly represents and advises debtors, secured lenders, creditors and other interested parties in all aspects of chapter 11 cases, as well as foreign representatives in chapter 15 ancillary proceedings. Steele also is a member of the firm’s substantive nonconsolidation opinion team. She served as vice chair of the Delaware State Bar Association’s Young Lawyer’s Section (New Castle County) from 2013-15, and she chaired the International Women’s Insolvency & Restructuring Confederation’s (IWIRC’s) Delaware Network from 2019-20. Steele has been listed in Chambers USA since 2017 and in The Best Lawyers in America since 2023, and she was listed in Super Lawyers from 2018-20 and as a Delaware Today “Top Lawyer” from 2021-22. She also was an IWIRC Rising Star Award Finalist in 2016. In addition, Steele serves on ABI’s Mid-Atlantic Bankruptcy Workshop Advisory Board, and she served on the planning committee for the IWIRC at the Shore regional conference.
At her firm, Steele developed, and each year conducts, the training program for first-year associates in her group. Outside of the office, she is a pro bono child attorney for the Delaware Division of Family Services, where she represents children in foster care, and she has served on the Strategic Planning Committee and the Diversity, Equity, and Inclusion Steering Committee of the Ronald McDonald House of Delaware.
“The members of the 2023 class are an inspiration for the commitment, creativity and ingenuity that they demonstrate in both their careers and communities,” said ABI Executive Director Amy Quackenboss. “This diverse collection of honorees is comprised of future leaders that will drive ABI and the insolvency community forward.”
The “40 Under 40” winners are distinguished by professional achievements and service and were selected by a group of experienced professionals from ABI’s current leadership. Now in its seventh year, the goal of ABI’s “40 under 40” award program is not simply to create a one-time ceremony, but to fully engage those selected as future leaders in the insolvency profession and to build on the initiative each year.
Click here to view the full list of the 2023 “40 Under 40” honorees.
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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 10,000 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.
David Schiff of Davis Polk & Wardwell LLP Selected as One of ABI's 2023 "40 Under 40"
Alexandria, Va.— ABI announces that David Schiff of Davis Polk & Wardwell LLP (New York) has been selected as one of ABI’s “40 Under 40,” ABI’s award program that recognizes 40 of the top insolvency industry professionals under the age of 40. The honorees will be recognized at a special ceremony on Dec. 1 at ABI’s 2023 Winter Leadership Conference at the Fairmont Scottsdale Princess in Scottsdale, Ariz.
Schiff is a partner in Davis Polk & Wardwell’s Restructuring practice. He advises on a wide range of restructurings, bankruptcies and liability-management and distressed investing transactions. Schiff represents hedge funds, creditor groups, banks, companies, equity sponsors and other strategic parties. He has a varied practice involving both U.S. and cross-border matters. In his international practice, Schiff has been involved in cases involving companies in Asia, Australia, Europe, Latin America and Canada. He has played a leading role representing international creditors in some of the largest-ever restructurings to take place in Brazil, including Samarco, Oi and Odebrecht. Schiff also speaks and writes regularly on cross-border restructuring issues. His articles have appeared in Practical Law, the Norton Journal of Bankruptcy Law and Practice and other publications.
Schiff is a member of the International Insolvency Institute’s NextGen Leadership Program, ABI and INSOL. He has been named a “Rising Star Partner” by IFLR, and since 2020 he has been recognized in The Best Lawyers in America “Ones to Watch.” Schiff also plays an active role in training and mentoring initiatives at his firm. Outside of the office, he is a hands-on parent and volunteers with and serves on the Advisory Council of Futures and Options, a New York-based nonprofit organization that connects high school students to paid, mentored internships and career-development opportunities.
“The members of the 2023 class are an inspiration for the commitment, creativity and ingenuity that they demonstrate in both their careers and communities,” said ABI Executive Director Amy Quackenboss. “This diverse collection of honorees is comprised of future leaders that will drive ABI and the insolvency community forward.”
The “40 Under 40” winners are distinguished by professional achievements and service and were selected by a group of experienced professionals from ABI’s current leadership. Now in its seventh year, the goal of ABI’s “40 under 40” award program is not simply to create a one-time ceremony, but to fully engage those selected as future leaders in the insolvency profession and to build on the initiative each year.
Click here to view the full list of the 2023 “40 Under 40” honorees.
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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 10,000 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.
Amalia Sax-Bolder of Brownstein Hyatt Farber Schreck LLP Selected as One of ABI's 2023 "40 Under 40"
Alexandria, Va.— ABI announces that Amalia Sax-Bolder of Brownstein Hyatt Farber Schreck LLP (Denver) has been selected as one of ABI’s “40 Under 40,” ABI’s award program that recognizes 40 of the top insolvency industry professionals under the age of 40. The honorees will be recognized at a special ceremony on Dec. 1 at ABI’s 2023 Winter Leadership Conference at the Fairmont Scottsdale Princess in Scottsdale, Ariz.
Sax-Bolder is a shareholder with Brownstein Hyatt Farber Schreck, LLP and has experience representing clients in a variety of distressed situations. She maintains an active chapter 11 debtor practice and also represents lenders, purchasers, secured creditors, strategic investors and trustees in chapter 11 and chapter 7 bankruptcies, receiverships and foreclosures. Prior to joining Brownstein, Sax-Bolder worked for the government of Puerto Rico to restructure the territory’s debt in the aftermath of two devastating hurricanes, and she represented Gov. Gavin Newsom and the government of California in connection with the PG&E bankruptcy. She also has served on ABI’s Rocky Mountain Bankruptcy Conference Advisory Board since 2020 and as a judge for the Midwest Regional round of ABI’s/St. John’s University School of Law’s Duberstein Moot Court Competition since 2021. In addition, Sax-Bolder is the director of Membership of the Turnaround Management Association’s Rocky Mountain Chapter and a member of its Global DEI Committee. She also has participated in ABI’s Diversity & Inclusion Working Group Mentorship Program.
Sax-Bolder maintains a robust pro bono practice and is frequently engaged to represent nonprofit organizations in LGBTQ+-related litigation across the country. In addition, she co-chairs the board of The Center on Colfax, the largest LGBTQ+ community center in the Rocky Mountain region, which provides inclusive programs and events, including running Denver PrideFest, which is attended by over 500,000 people each June. At her firm, Sax-Bolder is a member of its DEI Steering Committee and Summer Associate Committee, and she co-chairs the firm’s LGBTQ+ Employee Resource Group.
“The members of the 2023 class are an inspiration for the commitment, creativity and ingenuity that they demonstrate in both their careers and communities,” said ABI Executive Director Amy Quackenboss. “This diverse collection of honorees is comprised of future leaders that will drive ABI and the insolvency community forward.”
The “40 Under 40” winners are distinguished by professional achievements and service and were selected by a group of experienced professionals from ABI’s current leadership. Now in its seventh year, the goal of ABI’s “40 under 40” award program is not simply to create a one-time ceremony, but to fully engage those selected as future leaders in the insolvency profession and to build on the initiative each year.
Click here to view the full list of the 2023 “40 Under 40” honorees.
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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 10,000 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.
Ciara Rogers of Waldrep Wall Babcock & Bailey, PLLC Selected as One of ABI's 2023 "40 Under 40"
Alexandria, Va.— ABI announces that Ciara Rogers of Waldrep Wall Babcock & Bailey, PLLC (Raleigh, N.C.) has been selected as one of ABI’s “40 Under 40,” ABI’s award program that recognizes 40 of the top insolvency industry professionals under the age of 40. The honorees will be recognized at a special ceremony on Dec. 1 at ABI’s 2023 Winter Leadership Conference at the Fairmont Scottsdale Princess in Scottsdale, Ariz.
Rogers is a partner with Waldrep Wall Babcock & Bailey, PLLC, where her practice focuses on debtors’ and creditors’ rights, chapter 11 bankruptcy, representing bankruptcy trustees in chapter 7 and 11 cases, serving as a Subchapter V trustee, and litigating adversary proceedings. In 2014, she was recognized by the National Conference of Bankruptcy Judges (NCBJ) as an Honorable Cornelius Blackshear Fellow, and in 2019, she was selected as a participant in the NCBJ’s NextGen program. In 2022, Rogers became certified as a specialist in business bankruptcy by the North Carolina State Bar Board of Legal Specialization. A member of the North Carolina and Virginia State Bars, the North Carolina Bar Association and ABI, she serves as treasurer of the International Women’s Insolvency & Restructuring Confederation’s Carolinas Network, is a member of the North Carolina Bar Association’s Bankruptcy Section Council, and is a National Association of Bankruptcy Trustees Subchapter V Trustee CLE Planning Committee member. In 2021 and 2022, Rogers was listed as one of Business North Carolina magazine’s “Legal Elite in Bankruptcy Law,” and she was listed as a Super Lawyers “Rising Star” in 2019, 2021 and 2022 and as a Super Lawyer in 2023.
Due to her pro bono work, Rogers received the inaugural pro bono service award of the North Carolina Bar Association’s Bankruptcy Section for providing the most hours of pro bono service of its members. She also has been a member of the North Carolina State Bar’s Pro Bono Honor Society for four of the last six years for providing 50 or more pro bono hours in the calendar year. In addition, Rogers has taught bankruptcy law and regularly speaks at conferences on various bankruptcy-related topics. Outside of the office, she has served on boards of nonprofits, her local YMCA and a sexual assault resource center.
“The members of the 2023 class are an inspiration for the commitment, creativity and ingenuity that they demonstrate in both their careers and communities,” said ABI Executive Director Amy Quackenboss. “This diverse collection of honorees is comprised of future leaders that will drive ABI and the insolvency community forward.”
The “40 Under 40” winners are distinguished by professional achievements and service and were selected by a group of experienced professionals from ABI’s current leadership. Now in its seventh year, the goal of ABI’s “40 under 40” award program is not simply to create a one-time ceremony, but to fully engage those selected as future leaders in the insolvency profession and to build on the initiative each year.
Click here to view the full list of the 2023 “40 Under 40” honorees.
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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 10,000 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.