New Officers and Board Members Elected at ABIs 24th Annual Spring Meeting
Contact:
(703)
739-0800
[email protected]
NEW OFFICERS AND BOARD MEMBERS ELECTED AT ABI’S 24TH ANNUAL SPRING MEETING
April 26, 2006, Alexandria,
Va. — The following officers and members of the Board
of Directors of the American Bankruptcy Institute (ABI) were elected to
leadership positions at ABI’s Annual Spring Meeting, held April
20-April 23 in
New members of the Executive
Committee and new officers: Judge Wesley Steen of the U.S. Bankruptcy
Court of the Southern District of Texas (Houston) becomes President for
a one-year term, succeeding
Nine new members were elected
to the ABI Board of Directors: Peter J. Antoszyk of Brown Rudnick
Berlack Israels LLP (Boston), Rudy J. Cerone of McGlinchey Stafford,
PLLC (
Directors reappointed for another three-year term are: Mitchell E. Drucker of CIT Group Inc. (New York), Judge James D. Gregg, U.S. Bankruptcy Court for the Western District of Michigan (Grand Rapids), Robert J. Keach of Bernstein, Shur (Portland, Maine), George M. Kelakos of Kelakos Advisors LLC (Greenwich, Conn.), James T. Markus of Block Markus Williams, LLC (Denver), Patricia A. Redmond of Stearns, Weaver et al. PA (Miami), Judge Steven W. Rhodes of the U.S. Bankruptcy Court for the Eastern District of Michigan (Detroit), Robert J. Rosenberg of Latham & Watkins LLP (New York), Joseph Samet of Baker & McKenzie (New York), Anthony H.N. Schnelling of Bridge Associates LLC (New York), James Patrick Shea of Shea & Carlyon, Ltd. (Las Vegas), Lynnette Warman of Jenkens & Gilchrist, PC (Dallas) and Judge Eugene R. Wedoff of U.S. Bankruptcy Court for the Northern District of Illinois (Chicago). The ABI Board of Directors has 60 members.
The complete list of directors and officers is available at http://www.abiworld.org/Content/NavigationMenu/About_ABI/Board_of_Directors/Board_of_Directors.htm
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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 more than 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.
Reginald W. Jackson Named ABI President-Elect
Contact:
(703) 739-0800
[email protected]
REGINALD
May 1, 2006,
Jackson is also a member of the
Columbus Bar Association, where he has served on the Board of Governors
and for which he served as the chairman of its Bankruptcy Committee from
1990-92; the American Bar Association (member, Business Law Section,
Business Bankruptcy Committee, Chapter 11 and Executory Contracts
Subcommittee); the Ohio State Bar Association, where he serves as
District 7 Representative on the Board of Governors and was on the
Council of Delegates for 2002-05; and the Ohio State Bar Foundation, for
which he served as president in 2001.
The complete list of directors and officers is available at http://www.abiworld.org/Content/NavigationMenu/About_ABI/Board_of_Directors/Board_of_Directors.htm.
###
ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes more than 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.
U.S. Households File for Bankruptcy at Record Levels in 2005
Contact:
(703) 739-0800
[email protected]
April 17, 2006, Alexandria, Va. — As consumers filed for bankruptcy in record numbers in 2005, the American Bankruptcy Institute (ABI) found that there was one personal bankruptcy for every 60 U.S. households in calendar year 2005, a record level driven largely in response to families looking to file for bankruptcy protection prior to the implementation the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA). This is a 23 percent increase from calendar year 2004, which showed that nearly one out of 79 households filed for bankruptcy.
“The latest report
underscores the level of financial stress for
The data can be viewed
at http://www.abiworld.org/stats. The table, based on data from the
Administrative Office of the U.S. Courts (2005 non business bankruptcies
as of December 31, 2005) and the U.S. Bureau of the Census (U.S.
household unit estimates as of July 1, 2004), ranks households per
filing by state and nationally. The five states with the highest
bankruptcy household-per-filing rates are
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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 more than 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.
Judge Wesley Steen Becomes First Judge to be Named ABI President
Contact:
(703) 739-0800
[email protected]
JUDGE WESLEY STEEN BECOMES FIRST JUDGE
TO BE NAMED ABI PRESIDENT
May 1, 2006, Alexandria,
Va. — As the first sitting judge to serve as President
of the American Bankruptcy Institute (ABI), Judge Wesley Steen of the
U.S. Bankruptcy Court of the Southern District of Texas (Houston) began
his one-year term following ABI’s Annual Spring Meeting, which was
held April 20-April 23 in Washington, D.C. Judge Steen, previously
serving as president-elect after being selected by the ABI’s
60-member Board of Directors at the 2005 Annual Spring Meeting, succeeds
Judge Steen has been an ABI member since 1991, having served on ABI’s Board of Directors since 1999, and was previously ABI’s Vice President-Research, overseeing the Research Grant Committee in assessing, recommending and approving awards from the Endowment Fund prior to his 2005 selection as ABI President.
Judge Steen
became a U.S. Bankruptcy Judge for the Southern District of Texas in
1997 and hears cases in
The complete list of directors and officers is available at http://www.abiworld.org/Content/NavigationMenu/About_ABI/Board_of_Directors/Board_of_Directors.htm
###
ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes more than 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.
Jonathan P. Friedland Elected to ABIs Board of Directors
Contact:
(703) 739-0800
[email protected]
JONATHAN P. FRIEDLAND ELECTED TO ABI’S BOARD OF DIRECTORS
May 3, 2006,
A partner in
Kirkland & Ellis’ Restructuring Group, Friedland concentrates
his practice on financial and operational restructurings, including
out-of-court workouts and chapter 11 reorganizations and representation
of buyers and sellers of distressed assets. In 2005, Friedland was
selected as an “Illinois Super Lawyer” by Chicago
Magazine. He received his J.D. from the University of Pennsylvania
Law School in 1994 and his B.S. with highest honors in 1991 from the
State University of New York at
The complete list of directors and officers is available at http://www.abiworld.org/Content/NavigationMenu/About_ABI/Board_of_Directors/Board_of_Directors.htm.
###
ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes more than 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.
ABIS Southeast Bankruptcy Workshop Scheduled for July 26-29
Contact:
(703) 739-0800
[email protected]
ABI’s SOUTHEAST BANKRUPTCY WORKSHOP
SCHEDULED FOR JULY 26-29
April 24, 2006, Alexandria, Va. —More than 400 attendees and eight bankruptcy judges will participate in ABI’s Eleventh Annual Southeast Bankruptcy Workshop, to be held July 26-29, 2006, at The Ritz-Carlton on Amelia Island, Fla. The workshop brings together this region’s top insolvency professionals for three days of intense learning and networking, with the opportunity to earn 13.5 hours of CLE credits, including 1.5 hours of ethics.
Sessions at the Workshop include:
The “Consumer Bankruptcy
Developments under BAPCPA” session features Judge David W.
Houston, III (
The “Complex Chapter 11
Case Developments You Need to Know” session, moderated by Anna
Phillips of Giuliani Capital Advisors LLC (
Terri L. Gardner
of Poyner & Spruill LLP (
“Employee Distress–What About My Retirement?,” moderated by Jeffrey W. Kelley of Troutman Sanders LLP (Atlanta), will feature panelists Scott B. Davis of Mesirow Financial Consulting, LLC (Charlotte, N.C.) and Judge Karen S. Jennemann (Orlando, Fla.).
The “Chapter 13 Adequate
Protection and Confirmation Issues under BAPCPA” session will
feature moderator Frank J. Santoro of Marcus Santoro & Kozak,
PC (
Patricia A.
Redmond of Stearns, Weaver, Miller, Weissler,
“One Size Doesn’t
Fit All–How to Adjust Your Strategy in Small Business and
Individual Chapter 11 Cases to Fit the New Law” will be moderated
by Paul J. Battista of Genovese Joblove & Battista PA
(
The “Lenders’ Views
on Capital Markets, Business Restructuring and Intercreditor
Agreements,” moderated by C. Edward Dobbs of Parker,
Hudson, Rainer & Dobbs LLP, (Atlanta), will feature panelists
James D. Decker of Alvarez & Marsal, LLC (Atlanta), Robert
G. Rose, III of Fleet Capital Corporation (
“Asset Protection Strategies Affected by BAPCPA” will be moderated by Lawrence R. Ahern, III of Greenebaum Doll & McDonald PLLC (Nashville, Tenn.) and feature a panel including Judge Thomas B. Bennett (Birmingham, Ala.) and William H. Leech of McGlinchey Stafford, PLLC (Jackson, Miss.).
Judge Margaret A.
Mahoney (
“U.S. Supreme Court
Decisions in Bankruptcy Law–Critical Tools for Your
Practice,” moderated by Brady C. Williamson of LaFollette
Godfrey & Kahn SC (
Terri L. Gardner
of Poyner & Spruill LLP (
For more information about the Eleventh Annual Southeast Bankruptcy Workshop, call ABI at (703) 739-0800 or visit http://www.abiworld.org/SE06.
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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 more than 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.
ABI Poll Companies Operating Under Chapter 11 Protection Enjoy an Unfair Competitive Advantage
Contact:
(703) 739-0800
[email protected]
ABI POLL: COMPANIES OPERATING UNDER CHAPTER 11 PROTECTION ENJOY AN UNFAIR COMPETITIVE ADVANTAGE
April 28, 2006, Alexandria, Va. — A majority of overall respondents (57 percent) to the most recent American Bankruptcy Institute (ABI) online poll agreed that companies operating under chapter 11 protection enjoy an unfair competitive advantage. The largest category of respondents, 31 percent, weighed in that they “somewhat agreed” that companies had an unfair advantage while operating under chapter 11 protection, while 26 percent “strongly agreed.”
Only 35 percent of the respondents did not agree that companies operating under chapter 11 protection had an unfair competitive advantage. Of the 35 percent, 19 percent “somewhat disagreed” that companies in chapter 11 had an unfair advantage, while 16 percent “disagreed strongly.” Eight percent of respondents did not have an opinion or did not know enough about the issue.
ABI membership and members of the public were welcome to submit their response to the statement “Companies operating under chapter 11 protection enjoy an unfair competitive advantage” for the recent poll that was open for voting from April 13 – April 27. The poll question is based on the recent high-profile bankruptcies of companies operating in highly competitive industries as the automotive, airline and steel industries.
The ABI Quick Poll is posted on ABI’s home page, www.abiworld.org. ABI members and the public are invited to respond to a question on a timely bankruptcy or insolvency issue.
Visit http://www.abiworld.net/quickpoll/ to access the results of previous ABI’s Quick Poll.
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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 more than 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
Rudy J. Cerone Elected to ABIs Board of Directors
Contact:
(703) 739-0800
[email protected]
RUDY J. CERONE ELECTED TO ABI’S BOARD OF DIRECTORS
May 3, 2006,
Cerone is a member of the
firm’s commercial litigation section with primary emphasis in the
areas of business bankruptcy and commercial litigation. He was
named to be a Fellow of the
The complete list of directors and officers is available at http://www.abiworld.org/Content/NavigationMenu/About_ABI/Board_of_Directors/Board_of_Directors.htm.
###
ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes more than 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.
ABIs Boston Bankruptcy CLE and Outreach Event Focuses on New Obligations for Practitioners
Contact:
(703) 739-0800
[email protected]
ABI’s BOSTON BANKRUPTCY CLE AND OUTREACH EVENT FOCUSES ON NEW OBLIGATIONS FOR PRACTITIONERS
May 5, 2006, Alexandria, Va. — Practitioners looking to understand the ethical and other obligations created by the new bankruptcy law should plan to attend the American Bankruptcy Institute’s (ABI) 'New Obligations for Practitioners under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA)' event on May 25, 2006 at the John Joseph Moakley U.S. Courthouse in Boston, Mass. This afternoon session features a distinguished panel addressing the new duties as they relate to debtors’ counsel, creditors’ counsel, trustees, U.S. Trustees, creditor committees, DIPs and investment bankers. Attendees have the opportunity to earn 1.5 CLE credits and enjoy a complimentary networking reception following the panel discussion.
The panel session will explore the new law as it brings changes to bankruptcy professionals from all perspectives. Discussions by the panel will include new duties in consumer and business cases under BAPCPA as well as miscellaneous amendments related to representation by attorneys of all bankruptcy chapters.
Lynne F. Riley, Esq. of Riley
Esher LLP (
For more information about the Boston Bankruptcy Event, call ABI at (703) 739-0800 or visit www.abiworld.org/boston06.
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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 more than 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.
Professor Margaret Howard Elected to ABIs Board of Directors
Contact:
(703) 739-0800
[email protected]
PROFESSOR MARGARET HOWARD ELECTED TO
ABI’S BOARD OF DIRECTORS
May 10, 2006,
A professor of
Law at
The complete list of directors and officers is available at http://www.abiworld.org/Content/NavigationMenu/About_ABI/Board_of_Directors/Board_of_Directors.htm.
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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 more than 11,500 attorneys, accountants, bankers, judges, professors, lenders, turnaround specialists and other bankruptcy professionals providing a forum for the exchange of ideas and information. For additional information on ABI, visit www.abiworld.org. For additional conference information, visit http://www.abiworld.org/conferences.html.