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November Commercial Chapter 11 Filings Decrease 32 Percent from Previous Year, Total Filings Decrease 5 Percent

Commercial chapter 11 filings decreased 32 percent in November 2019 over November of last year, according to data provided by Epiq Systems, Inc. The 450 commercial chapter 11 filings registered in November 2019 dropped from November 2018’s commercial chapter 11 filing total of 662. Commercial bankruptcy filings totaled 2,984 in November 2019, an 8 percent decrease from the 3,247 commercial filings in November 2018. Total U.S. bankruptcies in November 2019 also registered a decrease, as the 56,041 filings fell 5 percent from the November 2018 total of 58,923. Consumer bankruptcies decreased as well in November 2019, as the 53,057 filings were a 5 percent drop from the 55,676 consumer filings registered in November 2018.

“High filing costs impede struggling consumers and businesses from accessing the financial relief of bankruptcy,” said ABI Executive Director Samuel J. Gerdano. “The Small Business Reorganization Act will soon provide a better path for small businesses to restructure, and the recommendations of ABI’s Commission on Consumer Bankruptcy aim to modernize the Bankruptcy Code to provide better access to struggling households.”

The “Small Business Reorganization Act of 2019” (SBRA; P.L. 116-54), signed into law on Aug. 23 by President Donald Trump, becomes effective February 19, 2020. SBRA adds a new subchapter V to chapter 11, providing a better path for small businesses to successfully restructure, reduce liquidations, save jobs and increase recoveries to creditors. ABI’s Commission on Consumer Bankruptcy issued its Final Report of recommendations earlier this year to improve access to the consumer bankruptcy system. Click here to view the report.

Commercial chapter 11 filings in November 2019 represented a 15 percent decrease from the 527 filings recorded in October 2019. November’s commercial filing total represented a 16 percent decrease from the October 2019 commercial filing total of 3,551. Total filings for November decreased 17 percent compared to the 67,828 total filings in October 2019. Total noncommercial filings for November also represented a 17 percent decrease from the October 2019 noncommercial filing total of 64,277. 

The average nationwide per capita bankruptcy filing rate (total filings per 1,000 population) was 2.50 for the first 11 calendar months of 2019 (Jan. 1-Nov. 30), a slight increase over the 2.49 rate registered during the first 10 months of the year. The average daily filing total in November 2019 was 2,950, a slight increase from the 2,946 total daily filings registered in November 2018. States with the highest per capita filing rates (total filings per 1,000 population) through the first 11 months of 2019 were:

1. Alabama (5.69)

2. Tennessee (5.39)

3. Georgia (4.43)

4. Mississippi (4.24)

5. Illinois (3.75)

For further information about the statistics or additional requests, please contact ABI Public Affairs Officer John Hartgen at 703-894-5935 or [email protected].

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ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes nearly 11,000 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.

 

Amy Quackenboss Selected as ABI Executive Director

Alexandria, Va. — The Executive Committee of the American Bankruptcy Institute’s (ABI) Board of Directors announces that ABI Deputy Executive Director Amy Alcoke Quackenboss will succeed Samuel J. Gerdano as ABI Executive Director effective January 1, 2020. She was chosen by a search committee following a nationwide search led by Sterling Martin Associates of Washington, D.C.

Amy joined the ABI staff as Deputy Executive Director in November 2010, and added the title of General Counsel in 2012. In her capacity as Deputy Executive Director, Quackenboss has been involved in all aspects of ABI's operations, including educational programming, publishing, information technology, staff management and budgeting. She also led a team of ABI volunteers and staff in developing ABI's 2020-22 strategic plan, which will be released soon.

“Amy was selected from among a very distinguished group of candidates as the most qualified to succeed Sam Gerdano,” said ABI President Alane Becket of Becket & Lee, LLP (Malvern, Pa.). “Her experience and commitment to the success of the ABI is unmatched and I have no doubt she will be an exceptional leader.”

Prior to joining the ABI staff, Quackenboss practiced law at Hunton Andrews Kurth (Atlanta), where she focused her practice on bankruptcy litigation and restructuring. She has significant experience representing lenders, secured and unsecured creditors, indenture trustees, creditors’ committees, and acquirers of assets in chapter 11 bankruptcies. In 2002, she was honored with the H. Sol Clark award by the State Bar of Georgia for her commitment to pro bono work. She also clerked for U.S. Magistrate Judge Mary Stanley in the U.S. District Court for the Southern District of West Virginia from 1996 through 1998. Quackenboss received her B.A. from Miami University of Ohio and her J.D. from Washington & Lee School of Law.

“Amy is perfectly suited to lead ABI, and I'm delighted she has been selected Executive Director,” said Gerdano, who announced his retirement in June 2019, after 29 years as ABI Executive Director.

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ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes nearly 11,000 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.

Bankruptcy's Quid Pro Quo Snares Parents, According to November Journal Article

Alexandria, Va. — Chapter 7 trustees have increasingly brought claims to avoid education-related payments, most notably for tuition, made by debtors on behalf of their children as fraudulent transfers under the Bankruptcy Code and state fraudulent-conveyance statutes, according to an article in the November ABI Journal. “This trend is not surprising given the rising cost of higher education, resulting in parents spending significant funds to support their children' education to alleviate their children's future debt burden, potentially at the expense of the parents' creditors,” writes Michael R. Herz of Fox Rothschild LLP (Morristown, N.J.) in his article “A Parent's Quid Pro Quo.”

Trustees that have brought actions to avoid and recover these types of payments generally argue that the debtor did not receive "reasonably equivalent value" in exchange for the payments, according to Herz. Such avoidance claims have been brought against the debtor, the institution that received the payments and the child for whose education the payments were made. “The outcome varies depending on particular circumstances, and the courts’ disposition of trustee claims is guided by factors such as the application of fraudulent-transfer state law, the age of the child, the level of education paid for, and the definition of the economic benefit flowing to the debtor,” Herz writes.

Herz points out that trustees typically do not target tuition payments made by debtor parents for the education of minor-aged children, since courts have found that the debtors received reasonably equivalent value in exchange for their payments through fulfilling their legal obligation to educate their minor children. Additionally, payments by a debtor for college tuition made from funds such as a qualified 529 savings plan cannot be avoided by a trustee. Also, student loans that the debtor obtains to pay for his/her children's college education do not constitute property in which a debtor has any interest, because these funds could not lawfully have been used to pay the debtor's creditors.

Courts have been split on whether payments made by debtors related to their children's college education can be avoided, according to Herz. Unlike minor-aged children, there is no statutory duty to provide education to college-aged children. Nonetheless, some courts have observed that payments by debtors related to their children's college education are "reasonable and necessary for the maintenance of the debtor's family," and that there is "something of a societal expectation if they are able to do so." These courts have also inferred an economic benefit flowing to the parents through contributing to the self-sufficiency of the child, according to Herz, and the possibility that a college-educated child might one day provide financial assistance to the debtor, which can be perceived as a quid pro quo that benefits the parent.

However, other courts have found that satisfying a moral obligation to pay college-related expenses for one’s child does not produce an economic benefit to a debtor and that any quid pro quo that the debtor might receive through promoting the self-sufficiency of their children through a college education is too speculative, Herz writes.

“Given the increasing frequency that trustees may look to recover education-related payments made by debtors on behalf of their children, particularly for education at the undergraduate level or higher, it would be prudent for attorneys consulting with potential consumer debtor clients to inquire as to whether they made any children's education payments and what asset-protection steps they have taken to secure their children's education,” Herz writes. “These inquiries are important, because a bankruptcy filing might trigger liability exposure on either the debtor’s children or on behalf of the school the child attends.”

To obtain your copy of “A Parent's Quid Pro Quo,” 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 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.

Evan J. Zucker of Blank Rome LLP Selected as One of ABI’s 2019 “40 Under 40”

Alexandria, Va. ABI announces that Evan J. Zucker of Blank Rome 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. Honorees will be recognized at a special ceremony during ABI’s 2019 Winter Leadership Conference, taking place Dec. 5-7 at the Terranea Resort in Rancho Palos Verdes, Calif.

Zucker is a senior associate in Blank Rome LLP’s Finance, Bankruptcy and Restructuring group. He concentrates his practice on corporate reorganizations and related complex litigation in national and cross-border matters. Zucker frequently represents foreign representatives in chapter 15 proceedings, creditors’ committees, secured creditors, executory contract parties, and other key parties in interest. Currently, he represents a number of foreign receivers in connection with their asset-tracing and recovery, including the enforcement of judgments, arising from complex cross-border financial fraud.

Zucker is a member of the International Insolvency Institute’s NextGen Class VII, the Chapter 11 Advisory Committee for the U.S. Bankruptcy Court for Eastern District of New York, and the Junior Lawyer Training Initiative for the U.S. Bankruptcy Court for Eastern District of New York. He also co-chairs Blank Rome LLP’s New York Pro Bono Committee and is a member of the firm’s associate committee. Zucker is an adjunct professor in bankruptcy practice at St. John’s University School of Law. He received his J.D. cum laude from St. John's University School of Law in 2008 and his B.B.A. with high distinction from Emory University in 2005.

“This 2019 class of honorees is incredibly accomplished and diverse, and well representative of the multidisciplinary nature of our community,” said ABI Executive Director Samuel J. Gerdano. “We look forward to engaging these young leaders in the full range of ABI's activities, in service to the profession.”

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. Nominations were submitted via the initiative’s website, through which professionals nominated themselves or a colleague. Membership in ABI was not required, and more than 350 candidates were evaluated. Those selected were chosen from both large and small firms from every region of the country, and represent diverse practice areas such as law, finance, accounting, consulting, academia, government and more.

Click here to view the full list of the 2019 “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 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.

 

 

Nicholas J. Zluticky of Stinson LLP Selected as One of ABI’s 2019 “40 Under 40”

Alexandria, Va. ABI announces that Nicholas J. Zluticky of Stinson LLP (Kansas City, Mo.) 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. Honorees will be recognized at a special ceremony during ABI’s 2019 Winter Leadership Conference, taking place Dec. 5-7 at the Terranea Resort in Rancho Palos Verdes, Calif.

Zluticky represents a broad range of clients in all facets of bankruptcy, receiverships, foreclosures, out-of-court workouts and restructurings. He has experience leading lenders in nationwide cases to banks of all sizes in bankruptcy proceedings and related litigation. Zluticky has worked on some of the largest bankruptcy cases in the country, including representing the debtor in a large bankruptcy dubbed “Transaction of the Year” by the Turnaround Management Association. He represents clients in all aspects of bankruptcy cases, including debtors, secured lenders, asset-purchasers, trustees and creditors' committees. He also has represented more than 50 lenders across the country in all areas of workouts and enforcement of commercial loans, including receiverships, foreclosures, replevins, collection actions and lender-liability litigation.

Zluticky writes frequently on recent court decisions in the bankruptcy field, publishing on JD Supra and in the Journal of Corporate Renewal, and he presents regularly at conferences for ABI and the National Association of Bankruptcy Trustees. He received his J.D. with honors from Washburn University and his B.A. in political science from the University of Kansas.

“This 2019 class of honorees is incredibly accomplished and diverse, and well representative of the multidisciplinary nature of our community,” said ABI Executive Director Samuel J. Gerdano. “We look forward to engaging these young leaders in the full range of ABI's activities, in service to the profession.”

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. Nominations were submitted via the initiative’s website, through which professionals nominated themselves or a colleague. Membership in ABI was not required, and more than 350 candidates were evaluated. Those selected were chosen from both large and small firms from every region of the country, and represent diverse practice areas such as law, finance, accounting, consulting, academia, government and more.

Click here to view the full list of the 2019 “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 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.

 

 

Lindsi M. Weber of Polsinelli PC Selected as One of ABI’s 2019 “40 Under 40”

Alexandria, Va. ABI announces that Lindsi M. Weber of Polsinelli PC (Phoenix) 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. Honorees will be recognized at a special ceremony during ABI’s 2019 Winter Leadership Conference, taking place Dec. 5-7 at the Terranea Resort in Rancho Palos Verdes, Calif.

An experienced bankruptcy and commercial litigator, Weber helps clients resolve bankruptcy and financial restructuring issues. She represents chapter 11 debtors, unsecured creditors’ committees, secured creditors and parties to bankruptcy litigation. Weber is a past board member of the Maricopa County Bar Association Bankruptcy Section and past president of the NextGen Emerging Leaders Board of the Turnaround Management Association’s Arizona Chapter. She also participated as a member of the National Conference of Bankruptcy Judges' Next Generation program in 2017. In addition to her time in the bankruptcy courts, Weber also assists clients with complex commercial and business litigation matters in both state and federal courts. She received her J.D. magna cum laude from the Arizona State University-Sandra Day O'Connor College of Law in 2007 and her B.A. with honors in business management from the University of Puget Sound in 2001.

“This 2019 class of honorees is incredibly accomplished and diverse, and well representative of the multidisciplinary nature of our community,” said ABI Executive Director Samuel J. Gerdano. “We look forward to engaging these young leaders in the full range of ABI's activities, in service to the profession.”

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. Nominations were submitted via the initiative’s website, through which professionals nominated themselves or a colleague. Membership in ABI was not required, and more than 350 candidates were evaluated. Those selected were chosen from both large and small firms from every region of the country, and represent diverse practice areas such as law, finance, accounting, consulting, academia, government and more.

Click here to view the full list of the 2019 “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 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.

 

 

Matthew L. Warren of King & Spalding LLP Selected as One of ABI’s 2019 “40 Under 40”

Alexandria, Va. ABI announces that Matthew L. Warren of King & Spalding 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. Honorees will be recognized at a special ceremony during ABI’s 2019 Winter Leadership Conference, taking place Dec. 5-7 at the Terranea Resort in Rancho Palos Verdes, Calif.

Warren is a finance partner in King & Spalding’s Chicago office, where he advises clients on restructuring matters with a particular emphasis on distressed-debt and insolvency issues. He represents lenders and bondholders, as well as companies, in connection with restructuring and insolvency-related matters. Warren advises lenders and bondholders in maximizing recoverable value and helps distressed companies navigate through difficult circumstances based on a sophisticated sense of market practice and extensive experience with complex and challenging scenarios. He has been recognized for his work in Bankruptcy and Restructuring by Chambers USA 2019, and Turnarounds & Workouts named him a 2018 Outstanding Young Restructuring Lawyer.

Warren teaches as an adjunct professor of bankruptcy law at the DePaul College of Law and regularly speaks and writes on bankruptcy topics. Warren received his J.D. summa cum laude from the University of Arizona James E. Rogers College of Law in 2008 and his B.S. summa cum laude from Southern Illinois University Edwardsville in 2005.

“This 2019 class of honorees is incredibly accomplished and diverse, and well representative of the multidisciplinary nature of our community,” said ABI Executive Director Samuel J. Gerdano. “We look forward to engaging these young leaders in the full range of ABI's activities, in service to the profession.”

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. Nominations were submitted via the initiative’s website, through which professionals nominated themselves or a colleague. Membership in ABI was not required, and more than 350 candidates were evaluated. Those selected were chosen from both large and small firms from every region of the country, and represent diverse practice areas such as law, finance, accounting, consulting, academia, government and more.

Click here to view the full list of the 2019 “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 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.

 

 

Spencer M. Ware of AlixPartners LLP Selected as One of ABI’s 2019 “40 Under 40”

Alexandria, Va. ABI announces that Spencer M. Ware of AlixPartners 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. Honorees will be recognized at a special ceremony during ABI’s 2019 Winter Leadership Conference, taking place Dec. 5-7 at the Terranea Resort in Rancho Palos Verdes, Calif.

Ware is a director in the New York office of AlixPartners. He has more than 15 years of experience in the development of comprehensive business solutions for corporate restructurings and reorganizations. As part of domestic and international teams, Ware has represented and negotiated with key stakeholders, including government entities, corporations, joint ventures, boards, senior executives, and creditors ranging from banks to suppliers. He has served in a number of industry and nonprofit leadership positions ranging from Haverford's alumni president to trustee at the Turnaround Management Association. Ware is an author and a frequent speaker on the topic of corporate restructuring and was awarded the Future Leader of the Year Award by the New York Institute of Credit. He received his B.A. in economics from Haverford College in 2001 and also attended the London School of Economics.

“This 2019 class of honorees is incredibly accomplished and diverse, and well representative of the multidisciplinary nature of our community,” said ABI Executive Director Samuel J. Gerdano. “We look forward to engaging these young leaders in the full range of ABI's activities, in service to the profession.”

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. Nominations were submitted via the initiative’s website, through which professionals nominated themselves or a colleague. Membership in ABI was not required, and more than 350 candidates were evaluated. Those selected were chosen from both large and small firms from every region of the country, and represent diverse practice areas such as law, finance, accounting, consulting, academia, government and more.

Click here to view the full list of the 2019 “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 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.

 

 

Ivan J. Romo Valdovinos of Soeli Consulting Selected as One of ABI’s 2019 “40 Under 40”

Alexandria, Va. ABI announces that Ivan J. Romo Valdovinos of SOELI Consulting (Mexico City, Mexico) 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. Honorees will be recognized at a special ceremony during ABI’s 2019 Winter Leadership Conference, taking place Dec. 5-7 at the Terranea Resort in Rancho Palos Verdes, Calif.

Romo Valdovinos has international experience in commercial and labor consultancy, litigation, arbitration and insolvency, which enable him to provide a general perspective of business development all around the globe. He has participated as leading attorney, of counsel and expert witness in some of the most important insolvency cases in Mexico, including REFA Mexicana, Vitro, Mexicana de Aviación, Oceanografía, Altos Hornos de México, ICA and Abengoa, among others. Romo Valdovinos's experience in the energy sector includes solar-power plants, renewable energy, production, transportation, and the refinery of oil and gas and electric energy. He was the CEO for more than four years of Sonpetrol México, a drilling and work-over oil and gas company with more than 50 years of experience in technical assistance, onshore and offshore well and work-over drilling, and geothermal energy and mining.

Romo Valdovinos has presented at conferences and been interviewed on TV in such countries as Canada, France, Germany, Italy, Japan, Mexico, Spain, the U.K. and the U.S. He also has taught classes in undergraduate, diploma and master’s levels at such prestigious institutions as Escuela Libre de Derecho (where he is joint professor of its insolvency course), Instituto Tecnológico Autónomo de México (ITAM), Universidad Panamericana, Instituto Nacional de Desarrollo Jurídico, Tribunal Superior de Justicia del Estado de Hidalgo and the Mexican Supreme Court of Justice.

He is an active member of the Mexican Bar Association and currently is the sub-coordinator of the Energy Commission. Romo Valdovinos received his law degree from the Escuela Libre de Derecho, his M.B.A. from ITAM, his Master’s in global management from Tulane University and his Ph.D. from the Insituto de Investigaciones Juridicas UNAM.

“This 2019 class of honorees is incredibly accomplished and diverse, and well representative of the multidisciplinary nature of our community,” said ABI Executive Director Samuel J. Gerdano. “We look forward to engaging these young leaders in the full range of ABI's activities, in service to the profession.”

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. Nominations were submitted via the initiative’s website, through which professionals nominated themselves or a colleague. Membership in ABI was not required, and more than 350 candidates were evaluated. Those selected were chosen from both large and small firms from every region of the country, and represent diverse practice areas such as law, finance, accounting, consulting, academia, government and more.

Click here to view the full list of the 2019 “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 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.

 

 

Jennifer M. Taylor of O’Melveny & Myers LLP Selected as One of ABI’s 2019 “40 Under 40”

Alexandria, Va. ABI announces that Jennifer M. Taylor of O'Melveny & Myers LLP (San Francisco) 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. Honorees will be recognized at a special ceremony during ABI’s 2019 Winter Leadership Conference, taking place Dec. 5-7 at the Terranea Resort in Rancho Palos Verdes, Calif.

Taylor is a partner in O’Melveny’s corporate finance and restructuring practice groups, as well as its Fintech and Emerging Technologies industry groups. She has experience negotiating debt-financing transactions of all varieties, including financings for leveraged buyouts, secured and unsecured working capital facilities, venture-debt facilities and other structured financings, including mezzanine loans, high yield, and DIP financing for debtors in bankruptcy.

In the restructuring realm, Taylor represents clients in connection with workout transactions and chapter 11 reorganizations. She also regularly represents investors in connection with distressed acquisitions of businesses and debt. Taylor has been recognized by Legal 500 (2017) and as a “Rising Star” by both Law360 (2016) and the International Women’s Insolvency & Restructuring Confederation (2014).

“This 2019 class of honorees is incredibly accomplished and diverse, and well representative of the multidisciplinary nature of our community,” said ABI Executive Director Samuel J. Gerdano. “We look forward to engaging these young leaders in the full range of ABI's activities, in service to the profession.”

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. Nominations were submitted via the initiative’s website, through which professionals nominated themselves or a colleague. Membership in ABI was not required, and more than 350 candidates were evaluated. Those selected were chosen from both large and small firms from every region of the country, and represent diverse practice areas such as law, finance, accounting, consulting, academia, government and more.

Click here to view the full list of the 2019 “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 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.

 

 

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