Individual Chapter 13 Filings Increase 32 Percent in Calendar Year 2022
Individual Chapter 13 Filings Increase 32 Percent in Calendar Year 2022
Total Bankruptcy Filings Down 6 Percent
Jan. 5, 2023 – Individual Chapter 13 bankruptcy filings during calendar year 2022 (Jan. 1-Dec. 31) increased 32 percent to 149,072 from the 2021 total of 112,913, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. While representing a substantial year-over-year increase, individual Chapter 13 filings remain lower than the pre-pandemic total of 272,451 recorded in calendar year 2019.
Overall individual filing totals for calendar year 2022 were down six percent to 356,930 from the 378,918 individual filings the previous year. Individual filings are at their lowest levels since the 341,233 filings registered in 1985.
The 378,326 total bankruptcy filings in calendar year 2022 also registered a six percent decrease from the 401,479 filings during calendar year 2021. Annual bankruptcy filings last registered a similar total in 1984, with 348,521 total filings. Commercial filings also declined, as 21,396 filings in calendar year 2022 represented a five percent drop from the 22,561 filings recorded in calendar year 2021.
Commercial Chapter 11 filings increased 2 percent to 3,816 in calendar year 2022 from the previous year’s total of 3,726. Subchapter V elections within Chapter 11 also experienced an increase in calendar year 2022, as the 1,433 filings represented a 13 percent jump from the 1,263 filings recorded in 2021.
“The underlying data tells different year-over-year economic stories. The Chapter 7 story is encouraging with new filings down 21.6 percent. The Chapter 11/11V story is business as usual with new filings slightly up 1.2 percent, and the Chapter 13 story looks bleak as new filings were up 32 percent,” said Gregg Morin, VP Business Development and Revenue for Epiq Bankruptcy. “But if you are in the bankruptcy servicing business there is still another story as all three chapters had more cases close in 2022 than new cases filed. Chapter 7 filings had 29,799 more cases closed than opened, Chapters 11/11V had 265 more closed, and Chapter 13s had 44,361 more closed. Every month in 2022, all chapter totals had more cases close than open totaling 74,678 for the year, continuing the annual trend since 2011,” Morin added.
“Steep bankruptcy filing declines abated over the past year as pandemic assistance programs and lender forbearance receded while interest rates, inflationary pressures and debt loads grew,” said ABI Executive Director Amy Quackenboss. “As struggling families and companies face mounting economic pressures at the start of 2023, bankruptcy provides a proven shield toward a financial fresh start.”
All filing categories registered an increase in December 2022 compared to the previous year. Total bankruptcy filings increased six percent to 29,631 in December over the 27,997 total filings in December 2021. The 27,919 individual filings also represented a six percent rise over the 26,306 filings in December 2021. Total commercial filings for December were 1,712, an increase of one percent over the 1,691 total commercial filings in December 2021. Commercial Chapter 11 filings increased 3 percent to 326 in December 2022 from the 316 filings in December 2021. December 2022 subchapter V small business filings registered the largest increase — 51 percent — as the 128 subV elections were double the 84 registered in December 2021. While still below pre-pandemic levels, individual Chapter 13 filings continued to increase in December as well, as 12,397 filings were up 24 percent over the December 2021 total of 10,028.
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 new 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 Bankruptcy
Epiq Bankruptcy is a division of Epiq, a global technology-enabled services leader to the legal services industry and corporations that 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 https://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 Lifetime Achievement Award Renamed to Honor William A. Brandt, Founder of Development Specialists, Inc.
Alexandria, Va. — The American Bankruptcy Institute (ABI) announces that its highest award, ABI’s Lifetime Achievement Award, which recognizes the recipient’s sustained and deep commitment to the leadership and governance of the organization, has been renamed after William A. Brandt, founder of Development Specialists, Inc. (Chicago). ABI proclaimed on Dec. 9 during its Winter Leadership Conference in Palm Springs, Calif., that the award will now be called the Bill Brandt Lifetime Achievement Award.
An ABI member since 1987, Brandt served on ABI’s Board of Directors, was a commissioner on ABI’s Commission to Study the Reform of Chapter 11, and served on the Advisory Boards of ABI’s New York City Bankruptcy Conference and Bankruptcy Battleground West program. He is currently living and working with the rare condition of Amyotrophic Lateral Sclerosis (ALS), a nervous system disease that weakens muscles and impacts physical function.
Brandt has been in the business of workout, turnaround and insolvency consulting for 47 years and is widely recognized as one of the foremost practitioners in the field. He is President and CEO of Development Specialists, Inc. (DSI), a firm specializing in the provision of management, consulting and turnaround assistance to troubled or reorganizing enterprises. While his firm operates offices throughout the country, he lives and works in his native city of Chicago.
Brandt's political, legislative and civic endeavors have spanned almost four decades. He has continually advised Congress on matters of insolvency and bankruptcy policy, and in that capacity was the principal author of the amendment to the Bankruptcy Code permitting the election of trustees in chapter 11 cases. He also was involved in drafting several amendments to the Bankruptcy Code that were enacted into law in April 2005 as part of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, which substantially rewrote the nation’s bankruptcy laws.
Brandt is a frequent writer, lecturer and speaker on topics of corporate restructuring, bankruptcy and related public policy issues, and is routinely featured as an expert appearing in a wide range of media outlets to discuss those topics.
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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 www.abi.org/events.
Brad M. Kahn of Akin Gump Strauss Hauer & Feld LLP Selected as One of ABI's 2022 "40 Under 40"
Alexandria, Va. — ABI announces that Brad M. Kahn of Akin Gump Strauss Hauer & Feld LLP (New York) has been selected as one of ABI’s “40 Under 40,” ABI’s annual 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. 9 at ABI’s 2022 Winter Leadership Conference at the La Quinta Resort & Club in La Quinta, Calif.
Kahn is a partner in the financial restructuring practice at Akin Gump, where he represents companies, creditors’ committees and ad hoc groups, investors, funds and major lenders in out-of-court restructurings and in-court proceedings, including multijurisdictional and cross-border matters. His experience spans a broad spectrum of industries, including energy, telecommunications, financial services, transportation, technology and media. Kahn is recognized as a “Recommended” restructuring lawyer by Legal 500 (2022), an “Outstanding Young Bankruptcy Lawyer” by Turnarounds & Workouts (2019) and a “Rising Star” by Super Lawyers (2016-2018). He was a member of the New York office’s Hiring Committee from 2012-20, and today is an assigning partner for the firm’s summer associates. Kahn was a key driver in the establishment of Akin Gump’s Financial Restructuring Diversity Scholars program (FRDS), which gives law students from traditionally underrepresented backgrounds the opportunity to join the firm’s summer associate program after their first year of law school and to receive direct mentorship from the firm’s restructuring lawyers. He received his J.D. in 2007 from the New York University School of Law and his B.A. in 2004 from Yale University.
“The 2022 honorees continually display the acumen, energy and passion in both their careers and communities to demonstrate that they are the future leaders of the insolvency profession,” said ABI Executive Director Amy Quackenboss. “This year’s class, like those in years past, brings together a widely diverse collection of young leaders who we fully expect will propel 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 sixth year, the goal of ABI’s “40 under 40” initiative 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 2022 “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 A. Herman of Dechert LLP Selected as One of ABI's 2022 "40 Under 40"
Alexandria, Va. — ABI announces that David A. Herman of Dechert LLP (New York) has been selected as one of ABI’s “40 Under 40,” ABI’s annual 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. 9 at ABI’s 2022 Winter Leadership Conference at the La Quinta Resort & Club in La Quinta, Calif.
Herman is a partner in Dechert LLP’s Financial Restructuring group. He focuses on representing debtors, official and ad hoc committees, creditors, asset-acquirers and other interested parties in chapter 11 bankruptcy cases, cross-border insolvency matters, out-of-court restructurings, and restructurings of sovereign and governmental debt. Herman also has broad experience in commercial litigation matters, including securities litigation, shareholder derivative litigation, mergers and acquisitions litigation, and other complex disputes. In addition, he is deeply involved in pro bono work. At his prior firm, he led its pro bono representations of children with disabilities for whom housing issues posed an obstacle to their care. He assisted a child with asthma whose public housing apartment was infested with mold, coming within days of suing a city agency before the agency finally moved his family to a new home. He similarly helped the family of a child with a genetic disease avoid eviction and find new housing that could accommodate the child’s medical equipment. At his current firm, his pro bono practice focuses on human trafficking. Herman received his J.D. magna cum laude in 2007 from the New York University School of Law and his B.A. summa cum laude in 2004 from the University of Pennsylvania.
“The 2022 honorees continually display the acumen, energy and passion in both their careers and communities to demonstrate that they are the future leaders of the insolvency profession,” said ABI Executive Director Amy Quackenboss. “This year’s class, like those in years past, brings together a widely diverse collection of young leaders who we fully expect will propel 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 sixth year, the goal of ABI’s “40 under 40” initiative 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 2022 “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.
Jonathan R. Henrich of Ernst & Young LLP Selected as One of ABI's 2022 "40 Under 40"
Alexandria, Va. — ABI announces that Jonathan R. Henrich of Ernst & Young LLP (New York) has been selected as one of ABI’s “40 Under 40,” ABI’s annual 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. 9 at ABI’s 2022 Winter Leadership Conference at the La Quinta Resort & Club in La Quinta, Calif.
Henrich is a senior director in Ernst & Young’s (EY) EY Parthenon Turnaround and Restructuring Practice and a restructuring leader with extensive chapter 11 and out-of-court experience. He is also a Certified Insolvency & Restructuring Advisor (CIRA) and focuses his practice on company-side advisory, leading complex restructurings across sectors. Henrich currently serves on the New York office’s Leadership Committee for EY Parthenon as budget director, and previously served on the firm’s New York office Diversity and Inclusion Committee. He has led workshops on restructuring and cash forecasting for the broader EY firm and for the Young Presidents’ Organization. Henrich received his M.B.A. in 2009 from the NYU Stern School of Business and his B.S. in broadcast journalism in 2004 from Syracuse University.
“The 2022 honorees continually display the acumen, energy and passion in both their careers and communities to demonstrate that they are the future leaders of the insolvency profession,” said ABI Executive Director Amy Quackenboss. “This year’s class, like those in years past, brings together a widely diverse collection of young leaders who we fully expect will propel 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 sixth year, the goal of ABI’s “40 under 40” initiative 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 2022 “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.
Nicole Grimal Helmstetter of Buchanan Ingersoll & Rooney PC Selected as One of ABI's 2022 "40 Under 40"
Alexandria, Va. — ABI announces that Nicole Grimal Helmstetter of Buchanan Ingersoll & Rooney PC (Miami) has been selected as one of ABI’s “40 Under 40,” ABI’s annual 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. 9 at ABI’s 2022 Winter Leadership Conference at the La Quinta Resort & Club in La Quinta, Calif.
Helmstetter is counsel with Buchanan Ingersoll & Rooney, focusing exclusively on bankruptcy, business restructuring and creditors’ rights. With a unique perspective from experience on all sides of bankruptcy cases, she works with creditors, debtors, fiduciaries, trustees, creditors’ committees, restructuring officers and all other parties involved in insolvency proceedings. Helmstetter is currently a committee chairperson with her local bankruptcy bar, after having previously served multiple terms as the Miami Brown Bag chairperson and as the Pro Se Clinic chairperson. She remains active in her memberships with ABI, the International Women’s Insolvency & Restructuring Confederation, and many other professional organizations. Continuing to prioritize her community and recognizing her roots, Helmstetter has mentored law students through other Bankruptcy Clinic programs and regularly engages in pro bono work representing Spanish-speaking individuals. She received her J.D. in 2010 from the Florida International University College of Law and her B.A. cum laude in international relations in 2006 from Florida International University.
“The 2022 honorees continually display the acumen, energy and passion in both their careers and communities to demonstrate that they are the future leaders of the insolvency profession,” said ABI Executive Director Amy Quackenboss. “This year’s class, like those in years past, brings together a widely diverse collection of young leaders who we fully expect will propel 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 sixth year, the goal of ABI’s “40 under 40” initiative 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 2022 “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.
Thomas B. Fullerton of Akerman LLP Selected as One of ABI's 2022 "40 Under 40"
Alexandria, Va. — ABI announces that Thomas B. Fullerton of Akerman LLP (Chicago) has been selected as one of ABI’s “40 Under 40,” ABI’s annual 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. 9 at ABI’s 2022 Winter Leadership Conference at the La Quinta Resort & Club in La Quinta, Calif.
Fullerton is a partner with Akerman LLP’s Bankruptcy Group and a Major in the U.S. Army JAG Corps. His creditor practice includes the representation of traditional banks, loan-servicers, private lenders and commercial landlords in all facets of bankruptcy proceedings, and he represents transferees (including insurance companies/brokers, debt-buyers and individuals) in preference and fraudulent-transfer claims. Fullerton also has performed creditors’ rights litigation for banks and servicers, including mortgage foreclosures, receiverships, mechanics’ liens, and breach-of-note/guaranty and other affirmative matters. As a Judge Advocate in the Army, he is the Deputy Regional Defense Counsel for the Central Region of the 22nd Legal Operations Detachment, and in that capacity he defends soldier-clients who are facing charges and administrative matters, including Article 15s and discharge actions. Fullerton received his LL.M. in Taxation in 2021 from the Northwestern University Pritzker School of Law, his J.D. in 2008 from the University of Dayton School of Law and his B.A. in political science in 2005 from the University of Illinois at Urbana-Champaign.
“The 2022 honorees continually display the acumen, energy and passion in both their careers and communities to demonstrate that they are the future leaders of the insolvency profession,” said ABI Executive Director Amy Quackenboss. “This year’s class, like those in years past, brings together a widely diverse collection of young leaders who we fully expect will propel 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 sixth year, the goal of ABI’s “40 under 40” initiative 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 2022 “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.
November Commercial Chapter 11 Bankruptcies Increase 74 Percent Over Last Year
Dec. 5, 2022 — Commercial chapter 11 filings increased 74 percent to 345 in November 2022 from the 198 filings recorded in November 2021, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data.
The November 2022 commercial chapter 11 filing total was lifted by the more than 100 cases related to the chapter 11 filing on November 11 by crypto exchange FTX Trading, Ltd. Total commercial filings increased 17 percent to 1,848 in November over 1,586 total filings in November 2021. Subchapter V small business filings increased 38 percent to 117 in November 2022 from 85 filings in November 2021.
Warren J. Ford, III of the Goosmann Law Firm Selected as One of ABI's 2022 "40 Under 40"
Alexandria, Va. — ABI announces that Warren J. Ford, III of the Goosmann Law Firm (Omaha, Neb.) has been selected as one of ABI’s “40 Under 40,” ABI’s annual 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. 9 at ABI’s 2022 Winter Leadership Conference at the La Quinta Resort & Club in La Quinta, Calif.
Ford is a partner and Corporate Maintenance leader at Goosmann Law Firm, where he is a litigation and transactional attorney who represents creditors, banks and business leaders in civil and commercial litigation, out-of-court workouts, and chapter 7, 11 and 13 bankruptcy proceedings, including adversary proceedings. He also routinely assists clients with complex business transactions and asset acquisitions. Ford was named on the 2021, 2022 and 2023 The Best Lawyers in America “Ones to Watch” lists for Bankruptcy and Creditor/Debtor Rights/Insolvency and Reorganization Law. He also was recently named a 2022 Super Lawyers “Rising Star.” In addition, he is an Executive Committee member of the Nebraska State Bar Association’s Banking & Bankruptcy Sections, and he is a member of the Young Lawyers Division through the Iowa State Bar Association. He also is a member of the National Association of Minority and Women Owned Law Firms (NAMWOLF) and an active member of NAMWOLF’s Financial Services Litigation Practice Area Committee, through which he helps promote NAMWOLF members who concentrate on both offensive and defensive financial services litigation to major financial services companies. Ford received his J.D. in 2011 from the University of Nebraska College of Law and his B.A. in political science in 2008 from Creighton University.
“The 2022 honorees continually display the acumen, energy and passion in both their careers and communities to demonstrate that they are the future leaders of the insolvency profession,” said ABI Executive Director Amy Quackenboss. “This year’s class, like those in years past, brings together a widely diverse collection of young leaders who we fully expect will propel 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 sixth year, the goal of ABI’s “40 under 40” initiative 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 2022 “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.
Gianfranco Finizio of Kilpatrick Townsend & Stockton LLP Selected as One of ABI's 2022 "40 Under 40"
Alexandria, Va. — ABI announces that Gianfranco Finizio of Kilpatrick Townsend & Stockton LLP (New York) has been selected as one of ABI’s “40 Under 40,” ABI’s annual 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. 9 at ABI’s 2022 Winter Leadership Conference at the La Quinta Resort & Club in La Quinta, Calif.
Finizio is a partner at Kilpatrick Townsend & Stockton LLP, where he advises and represents a diverse range of clients, including official committees of unsecured creditors, indenture trustees, debtors, bank agents, and major secured and unsecured creditors in complex chapter 11 bankruptcy cases, out-of-court restructurings and other distressed situations. He has been listed in the 2021 and 2022 editions of Chambers USA: America’s Leading Lawyers for Business in the area of Bankruptcy/Restructuring (Up & Coming) and recognized as a New York “Rising Star” for the past eight years for Business Bankruptcy in Super Lawyers. Finizio’s pro bono activities include working with KIND (Kids in Need of Defense), a nonprofit that offers legal counsel to unaccompanied refugees and immigrant children; through the organization, he provides legal services to children in need. He also mentors new Kilpatrick Townsend associates, including participating in coaching sessions and yearly reviews. Finizio received his J.D. in 2009 from St. John's University School of Law and his B.B.A. cum laude in 2006 from George Washington University.
“The 2022 honorees continually display the acumen, energy and passion in both their careers and communities to demonstrate that they are the future leaders of the insolvency profession,” said ABI Executive Director Amy Quackenboss. “This year’s class, like those in years past, brings together a widely diverse collection of young leaders who we fully expect will propel 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 sixth year, the goal of ABI’s “40 under 40” initiative 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 2022 “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.