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• LA CEN D B S PLIN H • FO S O E I C C RC Y • IA S B W DI SEA NC UN A B VE F O SU
2009
REGINALD W. JACKSON
ROBERT J. KEACH
MELISSA KIBLER KNOLL
SAMUEL J. GERDANO
CHAIRMAN
PRESIDENT
PRESIDENT-ELECT
EXECUTIVE DIRECTOR
ANNUALREPORT 2009~2010
CALENDAR
The American Bankruptcy Institute continues to build on its success as the leading
professional organization in service to insolvency professionals. For more than 25 years, ABI has fostered an environment where men and women of diverse backgrounds join to
exchange ideas, promote professional development and enhance our understanding of complex issues. In this report, we reflect on our significant milestones over the past 12
months – a period marked by change and growth. On behalf of our volunteer leaders and dedicated staff, we hope you will take the opportunity to learn how ABI can help you.
EDUCATIONALPROGRAMS M
ore than 7,000 professionals attended ABI educational programs over the past 12 months, demonstrating our continued role as the leading provider of high-quality bankruptcy continuing legal and professional education. More than 600 insolvency professionals from 40 states attended the 2008 Winter Leadership Conference in Tucson, Ariz., and more than 1,000 insolvency professionals from 45 states, three foreign countries and one U.S. territory attended the 2009 Annual Spring Meeting at a beautiful new venue on the Potomac River, the Gaylord National Resort and Spa. ABI also sponsored nearly 30 other regional, local and specialty programs in the United States and abroad. At the Annual Spring Meeting, guests heard prominent speakers on current legislative and economic issues of the day, including a representative for Congressman Steve Cohen (D-Tenn.), Chairman of the House Judiciary Committee’s Subcommittee on Commercial and Administrative Law; Congressman Louie Gohmert (R-Tex.); and Mark Zandi from Moody’s Economy.com. Attendees were entertained by dynamic luncheon speakers David Baldacci, the New York Times best-selling author of 17 novels including Absolute Power, and Paul Mercurio, a rising star on the comedy scene. Plenary sessions covered new developments in BAPCPA and credit card reforms, whether the Troubled Assets Relief Program (TARP) and other actions are working in this “government-managed” economy, a judicial roundtable on valuation and a multimedia ethics extravaganza. The annual Great Debates focused on lively controversies such as the “auto industry bailout vs. bankruptcy” debate, whether assets may be sold free and clear over the objection of junior secured creditors, and whether the time is now for consumer bankruptcy reform in the areas of means testing and mortgage modifications.
For the third time, ABI is partnering with the National Conference of Bankruptcy Judges to offer educational programs at NCBJ’s 2009 annual conference in Las Vegas. The ABI programs are conducted in a workshop format, offering multiple simultaneous roundtable discussions on commercial and consumer developments. Over the last 12 months, ABI launched several new programs aimed at both consumer and business professionals. Modeled after the continued success of the annual Detroit Consumer Bankruptcy Conference, ABI implemented similar one-day programs for consumer bankruptcy professionals in Chicago and Boston, which have now become annual events. ABI also conducted two one-day training sessions in Atlanta on litigation skills in the consumer bankruptcy context, and ABI will conduct similar programs in 2010. ABI began a new partnership with the University of Missouri-Kansas City to present the Annual Midwestern Bankruptcy Institute, which includes consumer and business tracks. ABI’s Health Care Committee conducted a unique one-day conference in Chicago addressing all the hot issues in the struggling health care industry. In addition, ABI partnered for the first time with the Association of Insolvency and Restructuring Advisors and the University of Texas School of Law to offer the Valcon ’09 conference on “Risk, Restructurings, Real Estate and Retail.”
Prominent economist Mark Zandi addressed the 2009 Annual Spring Meeting on the impact of the federal stimulus package. He predicted that the recession will end in December 2009.
ABI continues to expand and add educational programs. New in 2010, ABI will partner with Stetson University College of Law to present the annual Judge Alexander L. Paskay Bankruptcy Seminar, now in its 34th year.
“Preparing for the Perfect Storm” provided a forecast of the next sectors in financial trouble, led by Michael Friedman (Richards Kibbe & Orbe; New York), William Derrough (Moelis & Co; New York), Melissa Kibler Knoll (Mesirow Financial Consulting; Chicago) and Deirdre Martini (Wells Fargo; New York) (l-r) at the 2008 Winter Leadership Conference.
LEGISLATIVEACTIVITY D
uring this fourth year of the implementation of BAPCPA, ABI continued to address the resulting issues and developing case law, strategy and best practices in its educational programs and publications. BAPCPA issues, however, were overshadowed by even more prominent legislative issues focusing on the challenges facing financial markets and consumers today, such as subprime mortgage defaults, record-breaking foreclosure rates, predatory lending and credit card practices, and the distress in the retail, real estate and automotive sectors. Pending legislation focused whether to allow modification of residential mortgages in chapter 13 cases, and whether to repeal certain business bankruptcy provisions enacted in 2005. These issues promise to continue to be at the forefront of debate and legislative activity next year. ABI is a nonpartisan organization founded to provide Congress with an unbiased analysis of bankruptcy issues. Through its Robert N. Zinman Resident Scholar and others, ABI frequently answers questions and educates congressional staffers on bankruptcy issues. Congress often calls upon ABI to provide witnesses at hearings held addressing matters directly and indirectly affecting the bankruptcy system.
Reform of the business reorganization provisions of the Bankruptcy Code may be on the horizon, as there is a concern that certain provisions and/or precedents are potentially inhibiting reorganizations in favor of induced sales and liquidations. ABI recognizes the importance of informed discussion of these issues. To lead the effort and further its mission of providing Congress with an unbiased analysis of issues, ABI will present “Chapter 11 at the Crossroads: Does Reorganization Need Reform?” This in-depth and balanced symposium will feature nationally-prominent practitioners, academics and judges holding competing views on the topics. Attendance will be free to ABI members, as well as congressional staff, news media, business leaders and public-interest advocates, and will be webcast to those not able to attend in person. The collective record of the Symposium will be transmitted to Congress to help inform the coming debate.
syMposiuMinformation About ABI
The American Bankruptcy Institute is the nation’s largest association of bankruptcy professionals, with more than 12,300 members. ABI members represent both debtors and creditors in consumer cases, and more than 75 percent of U.S. bankruptcy judges are ABI members. ABI is the nation’s largest provider of continuing legal education in bankruptcy matters; more than 6,000 members attend programs annually. Founded in 1982, ABI is nonprofit and nonpartisan and is located just outside Washington, D.C.
Hotel
A small block of rooms has been reserved at the Washington Court Hotel, a luxury Washington, D.C., hotel with the only true view of the Capitol Building! A special rate of $209/single or double is available to attendees. These rooms will be held as a block, unless exhausted, until October 15, at which time they will be released into the general public. Be sure to mention “ABI” to receive the room rate above.
for More inforMation Visit
Washington Court Hotel 575 New Jersey Ave, NW Washington, DC 20001 (202) 628-2100
Approximately 20 ABI members testified before Congress in the last year. While the statements of these ABI members reflect their personal views and not those of ABI, member testimony is another way in which ABI helps members of Congress and staff. Continuing Education Credit
Approval for approximately 9 hours of CLE credit is available. CPE credit is also available; mark the appropriate box on the registration form. California MCLE: ABI certifies that this activity has been approved for MCLE credit by the State Bar of California in the amount of 9 hours.
*ABI offers intermediate- to advanced-level courses, which have no prerequisites for attendance. ABI is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Ave. North, Suite 700, Nashville, TN 37219-2417, or www.nasba.org. For more information regarding administrative policies such as complaint and refund, please contact the American Bankruptcy Institute at (703) 739-0800.
Questions
Call ABI at (703) 739-0800, or visit ABI World at www.abiworld.org. Fax credit card orders to (866) 921-1027, or send completed registration form and payment to: ABI, P.O. Box 34709, Alexandria, VA 22334-0709 ATTN: CROSSROADS09
up to 9 hours of CLeCredit aVaiLabLe! Send completed form with payment to:
Anthony H.N. Schnelling endowMentfund
P.O. Box 34709, Alexandria, VA 22334-0709 If paying by credit card, FAX (866) 921-1027.
2009legislative
symposium Chapter 11 at the Crossroads Does Reorganization Need Reform? A Symposium on the Past, Present and Future of U.S. Corporate Restructuring Sponsored by the American Bankruptcy Institute Anthony H.N. Schnelling Endowment Fund Cosponsored and Hosted by Georgetown University Law Center
November 16-17, 2009 Georgetown University Law Center Washington, D.C.
Anthony H.N. Schnelling
ENDOWMENT FUND
ENDOWMENT&RESEARCH
(through 8/22/2009) $2.4M
2,400,000 2,100,000 1,800,000 1,500,000 1,200,000 900,000 600,000 300,000 0
$2.3M
During the past year, the Endowment Fund supported a $26,950 project to develop a comprehensive nationwide database of pro bono legal service providers. The grantee was the Institute for Financial Literacy, directed by Leslie Linfield, and the project was a result of the recommendation from the findings of the ABI ad hoc committee on pro bono representation chaired by Bankruptcy Judge Linda Riegle (D. Nev.). Added to ABI’s online Consumer Bankruptcy Center in the early spring, the interactive database provides
{contributions & pledges}
$1,837K
The Endowment Fund supports the Robert M. Zinman Resident Scholar program. Each Zinman Scholar is a leading member of the bankruptcy academic community on leave from full-time teaching to assist ABI with research and educational activities. The fall 2008 and spring 2009 Zinman Scholar was Jack F. Williams from Georgia State University. The fall 2009 Zinman Scholar is Adam J. Levitin, of Georgetown University Law Center, while Prof. Juliet M. Moringiello from Widener University School of Law will be the spring 2010 scholar.
ENDOWMENTFUND Growth
$1,392K
Since its creation in 1989, the Endowment Fund has been a vital resource to enhance ABI’s mission of scholarly research and education. Contributions and pledges have grown to almost $2.4 million from more than 5,700 ABI members. The Research Grant Committee, chaired by Prof. Margaret Howard, solicits and receives proposals and makes decisions on projects for funding. ABI awarded the first grant from the Endowment Fund in 1998, and since then, the fund has provided more than $1 million in grants and scholarships.
contact information for more than 250 pro bono service providers from across the nation. The Research Grant Committee also committed to fund studies of the effectiveness of creditors’ committees in chapter 11 cases and professional fees in consumer cases as impacted by BAPCPA. The primary investigators and reporters for these studies are Michelle M. Harner, a professor of law at the University of Maryland School of Law, and Lois R. Lupica, a professor of law at Maine School of Law, respectively. Other pending studies include the effectiveness of credit counseling and the prevalence and impact of claims trading in large chapter 11 cases.
$996K
he ABI Endowment Fund grew dramatically during the four-year tenure (2005-09) of the late Tony Schnelling as ABI’s Vice President of Development. In memory of his legacy shortly before his passing, ABI’s management committee unanimously decided to rename the fund the “Anthony H.N. Schnelling Endowment Fund.”
$690K
T
2000 2002 2004 2006 2008 2009
ENDOWMENTFUND Development Committee
Vice-President Development: Patricia A. Redmond Stearns, Weaver, Miller, Weissler, Alhadeff & Sitterson, PA; Miami Committee Members: William Q. Derrough Moelis & Company; New York Scott F. Gautier Peitzman, Weg & Kempinsky LLP; Los Angeles Peter S. Kaufman Gordian Group, LLC; New York Jeff J. Marwil Proskauer Rose LLP; Chicago Chester B. Salomon Becker, Glynn, Melamed & Muffly LLP; New York Regional Endowment Chairs: West Scott F. Gautier Peitzman, Weg & Kempinsky LLP; Los Angeles Midwest Anne B. Miller Novare, Inc.; Crystal Lake, Ill. Brian L. Shaw Shaw Gussis Fishman Glantz Wolfson & Towbin LLC; Chicago
Mid-Atlantic Neil B. Glassman Bayard, P.A.; Wilmington, Del. New York Chester B. Salomon Becker, Glynn, Mekamed & Muffly LLP New York Northeast Bruce A. Harwood Sheehan, Phinney, Bass + Green Manchester, N.H. Rocky Mountain Carl A. Eklund Ballard Spahr Andrews & Ingersoll, LLP Denver Texas & Southwest K. Scott Van Meter LECG, LLC; Houston Southeast Jerry M. Markowitz Markowitz, Davis, Ringel & Trusty, PA Miami South Richard P. Carmody Adams and Reese LLC Birmingham, AL
ONLINETECHNOLOGY A
BI World, ABI’s award-winning Web site, continues to be the preeminent site on the Internet for bankruptcy information, and its home page is one of the first results when searching “bankruptcy” using the most popular Web search engines. An average of 50,000 visits per month were recorded during the first eight months of 2009. During this past year, there were many technology and new Web-based services offered at ABI World, arising in part from the valuable survey feedback received from more than 1,500 members. By the end of 2009, a redesign should be complete, and ABI World will have a completely new look and feel with improved functionality, while not sacrificing the content members have come to rely upon in their daily practice.
abi
• and student editors on the staff of the ABI Law Review at St. John’s University School of Law combined to provide a new case blog on significant bankruptcy appellate decisions. Each entry provides a succinct analysis of the holding and why the case is significant in the larger bankruptcy picture, and blog readers can post their thoughts and comments. Go to http://stjohns.abiworld.org.
abi
• created the Bankruptcy Town Hall, an interactive forum where members can read and react to the opinions expressed on the leading policy questions of the day. The first issue was the heated debate over whether bailout or bankruptcy was the best option for the automakers, and the second issue is the ongoing debate over whether Congress should amend the Bankruptcy Code to allow judges to modify primary residential mortgages in chapter 13. Go to http://townhall.abiworld.org.
abi
• created the technology for a listing of pro bono service providers all across the country. The information is housed in the Consumer Bankruptcy Center (http://consumer.abiworld.org) with an interactive map of the United States where users can look up providers by state, name or city and review other information on eligibility criteria, any other limitations on services and other nonbankruptcy pro bono services available.
abi
• ’s new “Chart of the Day” provides a visual look at aspects of the U.S. economy important to insolvency professionals. Charts cover foreclosure rates, consumer spending, unemployment rates, gross domestic product growth and more, with appropriate links to the underlying source for easy reference.
SEVERALE XC ITI N G Web-based projects in progress for Fall 2009
abi plans a new system for its Circuit Case Updates that will provide
the first available summary of bankruptcy-related opinions of the various U.S. Circuit Courts of Appeals and the U.S. Supreme Court to its members within 24 hours of their electronic issuance. These Updates will be housed on a new ABI blog Web site and will be accessible every day in the ABI Daily Headlines. Members can also subscribe to “feeds” of the updates for particular circuits and/or topics.
abi is building an interactive site that will include all bankruptcy filing
statistics from 2000 onward, and going forward, ABI will update the statistics on a real-time basis bi-weekly—rendering ABI the most up-todate provider of filing statistics. There will be interactive charts and tables, as well as a heat map, and the public can run searches based on types of bankruptcy cases, districts, states, etc. and can even compare and contrast certain states’ or districts’ filing statistics over selected time periods.
abi is enhancing its online bookstore to include a subscription option
allowing members to view book samples online. In addition, the site will include book reviews and customer ratings, as well as links to other ABI publications of interest.
abi is reorganizing its online distance learning video library, which
contains ABI educational sessions from 2005 forward for purchase and educational credit at very low prices. We have more than 400 sessions with written materials available. The enhancement will include the ability to download the programs to a mobile device.
NEWPUBLICATIONS A
BI continues to be the leader in high-quality publications of practical use. ABI publishes its flagship periodical, the ABI Journal, 10 times per year, mailing it to more than 12,000 insolvency professionals, bankruptcy courts, members of Congress and others. An interactive version of the Journal appears online for each issue at ABI World. Further, searchable archives of Journal articles dating back to 1997 are available online. Always influential with practitioners, the Journal is often cited in court opinions.
ABI has nearly 40 titles under development on business, international and consumer insolvency topics. New titles in the last year included: • ABI Guide to Bankruptcy Mediation, Second Edition, an updated edition • A Comparison Shopping Guide for 363 Sales, a timely and popular book of the original guide explaining why, when and how mediation can be providing an in-depth review and analysis of various industries’ and used in bankruptcy cases after BAPCPA jurisdictions’ asset sales approved pursuant to §363 of the Bankruptcy Code and the related key purchase agreement provisions • Bankruptcy and Debt under the Servicemembers Civil Relief Act, a book covering the provisions of both the Servicemembers Civil Relief Act • Pre-bankruptcy Planning for the Commercial Reorganization: A Brief and the Bankruptcy Code that are designed to assist debtors serving in Guide for the CEO, CFO/COO, General Counsel and Tax Advisor, Second the armed forces Edition, a practical guide for executives of any financially distressed company considering chapter 11, reflecting important changes brought • Chapter 13 in 13 Chapters, a comprehensive overview of the chapter 13 about by BAPCPA and taking into account the current restructuring process from the perspective of both debtors serving and creditors environment • Reaffirmation Agreements in Consumer Bankruptcy Cases, a handbook addressing what to expect under BAPCPA when consumer debtors want to reaffirm their debts • Thorny Issues in Consumer Bankruptcy Cases, a publication based on a series of successful webinars ABI held on consumer bankruptcy topics, addressing some of the “hot and not-so-easy” issues arising in today’s consumer bankruptcy practice • Handbook on Second Lien Loans & Intercreditor Agreements, a handbook describing the typical second lien financing, the development of the market over the last decade and zeroing in on intercreditor agreements
• The ABI Guide to Cross-border Insolvency in the United States, a guide addressing the history of the UNCITRAL Model Law on Cross border Insolvency, chapter 15 and its provisions in detail, and the U.S.’s international insolvency law before its adoption of chapter 15 • Bankruptcy and Insurance Law Manual, Third Edition, an updated manual covering the basics of insurance law for the bankruptcy professional, as well as bankruptcy principles for the insurance professional • Bankruptcy and Its Impact on Intellectual Property Law, Second Edition, an updated handbook covering the basics of intellectual property law and what parties in bankruptcy can do to protect intellectual property rights
ABI titles are available at a discount to members in the online bookstore, www.abiworld.org/abistore, and can be accessed through Thomson Reuters WestLaw. ABI books can also be purchased on Amazon.com.
12,300 11,500 8,800 7,000
MEMBERSHIPGROWTH A
s bankruptcy filings increased during the past year, ABI grew from 11,500 members to more than 12,300 members. ABI’s membership continues to grow with members representing all aspects of the insolvency community.
of a law student writing competition. Please visit http://committees.abiworld. org to join the committee(s) of your choosing. Active participation in ABI’s committees is an excellent way to raise your profile in the insolvency community.
One of the most significant benefits of ABI membership is the opportunity to participate in one or more of ABI’s 22 substantive committees. In many ways, ABI committees are the lifeblood of the ABI organization. In addition to providing a wealth of specialized information, the committees also serve as the training ground for tomorrow’s ABI leaders. Each committee has at least two co-chairs and five other leadership positions.
New this year is an online support desk to answer member questions about conferences, publications, the website and more. Members can live chat with ABI staff over the web or browse a knowledge base to get the most from their membership
One of the main functions of the committees, through their education directors, is to present educational programs at ABI’s two national annual meetings. The committees conducted 19 educational programs at the 2008 Winter Leadership Conference and 20 educational programs at the 2009 Annual Spring Meeting. This ensured top-quality education, networking opportunities and a variety of choices for our members at these meetings. ABI’s committees, through their newsletter editors, also publish regular e-newsletters that provide committee members with the latest news and information specific to their area(s) of interest. The committees published more than 100 such newsletters in 2008 and will publish more than 100 during 2009. Through the newsletters, members can become more involved and have more visibility. All newsletters are available to members online at ABI World. Each ABI committee also has an active listserve through which members can communicate regarding recent developments and/or questions arising in practice. The committees sponsor special projects as well, such as publication of books, production of a specialized educational conference, or sponsorship
Other membership initiatives in 2009 included the addition of more discounted services through affinity programs with hotels, rental car companies, office products, airlines and publishers. Keeping up with today’s social networking trend, ABI now has a Facebook group in addition to its LinkedIn group. ABI also continued its successful existing member initiatives, such as the Ambassador Program. Through this program, every new member at an ABI conference meets with an assigned experienced member at the opening reception. Finally, ABI continued its outreach to consumer practitioners with free 30-day trial memberships and the creation of a Regional Membership Committee, whose members will educate their local communities of consumer bankruptcy professionals regarding all the resources ABI has to offer.
1999
2003
2007 2009
ABI IN THENEWS A
BI remains the most reliable source for the news media on all insolvency topics. On average during the first six months of 2009, the press cited ABI more than 250 times a month for a total of 1,546 references, up 52 percent over the same period during 2008. The press cited ABI more than 3,500 times in 2008. During the first eight months of 2009, ABI issued more than 60 press releases and responded to dozens of media requests for data and information. The media coverage and congressional scrutiny of distressed industries such as the retail, automotive and real estate sectors have been intense and heightened over the last year. In an effort to reach out to and educate the press on these important topics, ABI conducted informational press briefings throughout the year featuring member panels of prominent experts specializing in these areas. ABI conducted two on the retail sector, one on the automotive sector generally, one on the real estate sector and one each on the General Motors and Chrysler cases immediately upon their bankruptcy filings. ABI outreach to the media includes presentations to professional news associations. Executive Director Samuel J. Gerdano was a panelist at the 2009 annual meeting of the Society of Business Editors and Writers.
abi plans to launch an improved online “newsroom”
in the next year, with enhanced features such as a “heat map” of filing statistics. The newsroom will be an essential resource for the press and the public.
LAWREVIEW T
he American Bankruptcy Institute Law Review is the nation’s largestcirculation bankruptcy law journal, with 5,000 subscribers. Top students at St. John’s University School of Law edit it, and Thomson West publishes it semi-annually. An advisory board of three dozen bankruptcy judges, scholars and practitioners helps to plan theme issues. Prof. G. Ray Warner of St. John’s University School of Law serves as the board chair and faculty advisor. The Law Review continued its tradition of scholarly articles on timely topics. The Winter 2008 issue was an outstanding edition featuring five open-issue pieces and one LL.M. thesis, all addressing cutting-edge bankruptcy matters. Topics included guidance for interpreting BAPCPA, whether the “means test” applies in converted chapter 7 cases, the effect of negative equity on the “hanging paragraph,” arbitration and proofs of claim, true sales of receivables and the effect of abstention on the conflict between bankruptcy and arbitration. The Spring 2009 issue included a symposium on nonbankruptcy alternatives, which brought together several leading practitioners to discuss viable alternatives in an introduction, and three articles on assignments for the benefit of creditors and trust mortgages. The issue also included: three roundtable discussions on the future of the retail, automotive and real estate sectors; two open-issue pieces on home mortgages and chapter 13 and fraudulent-conveyance law; and an LL.M. thesis on credit derivatives’ potential to create a financial incentive for creditors to destroy a chapter 11 debtor. ABI Law Review Advisory
BOARDCHAIRS
Prof. G. Ray Warner (Chair) St. John’s University School of Law Jamaica, N.Y.
Prof. Robert M. Zinman (Chair Emeritus) St. John’s University School of Law Jamaica, N.Y.
ABI Law Review
ADVISORYBOARD Hon. Randolph Baxter U.S. Bankruptcy Court Cleveland, Ohio Mark N. Berman Nixon Peabody LLP Boston, Mass. Prof. Jean Braucher University of Arizona James E. Rogers College of Law Tucson, Ariz. G. Eric Brunstad Jr. Dechert LLP Hartford, Conn. Prof. Marianne B. Culhane Creighton University School of Law Omaha, Neb. Hon. Paulette J. Delk U.S. Bankruptcy Court Memphis, Tenn. Jonathan P. Friedland Levenfeld Pearlstein, LLC Chicago, Ill. Hon. Craig A. Gargotta U.S. Bankruptcy Court Austin, Texas Kristin K. Going Drinker Biddle & Reath LLP Washington, D.C.
Christopher F. Graham McKenna Long & Aldridge LLP New York, N.Y. Prof. John P. Hennigan St. John’s University School of Law Jamaica, N.Y. Dillon E. Jackson Foster Pepper PLLC Seattle, Wash. Edward Janger Brooklyn Law School Brooklyn, N.Y. Hon. Christopher M. Klein U.S. Bankruptcy Court Sacramento, Calif. Faye Knowles Fredrikson & Byron, PA Minneapolis, Minn. David R. Kuney Sidley Austin Washington, D.C. Prof. Adam J. Levitin Georgetown University Law Center Washington, D.C. Joel H. Levitin Cahill Gordon & Reindel LLP New York, N.Y.
Prof. Lois R. Lupica University of Maine School of Law Portland, Maine William L. Medford Greenberg Traurig LLP Dallas, Texas Prof. Juliet M. Moringiello Widener University School of Law Harrisburg, Pa. Prof. Grant W. Newton Pepperdine University (Emeritus) Malibu, Calif. Kevyn D. Orr Jones Day Washington, D.C. Prof. Katie Porter University of Iowa College of Law Iowa City, Iowa Prof. John A. E. Pottow University of Michigan Law School Ann Arbor, Mich. Prof. Terri Pulley Radwan Stetson University College of Law Gulfport, Fla. Prof. Maris T. Reilly Penn State Dickenson School of Law University Park, Pa.
Hon. Barry Russell U.S. Bankruptcy Court Los Angeles, Calif. Prof. Mark S. Scarberry Pepperdine University School of Law Malibu, Calif. Prof. Michael D. Sousa University of Denver College of Law Denver, Colo. Hon. James S. Starzynski U.S. Bankruptcy Court Albuquerque, N.M. Francisco Vazquez Chadbourne & Parke, LLP New York, N.Y. Victor A. Vilaplana Foley & Lardner LLP San Diego, Calif. Hon. Eugene R. Wedoff U.S. Bankruptcy Court Chicago, Ill. Prof. William H. Widen University of Miami School of Law Coral Gables, Fla. Prof. Todd J. Zywicki George Mason University School of Law Arlington, Va.
INTERNATIONALACTIVITY G
lobalization continues to have a noticeable impact on the insolvency world. ABI provides a number of tools, resources and educational programs to help insolvency professionals worldwide meet the needs of clients and stakeholders. ABI’s international membership now stands at more than 500 members from 26 different nations. International members outside North America are eligible for a special $95 reduced rate on an “e-membership.” E-members have access to all member benefits and publications electronically. This allows international members to receive information in a more timely and cost-effective manner. ABI held its annual Caribbean Insolvency Symposium for the first time on Grand Cayman Island in February 2009. More than 170 restructuring professionals attended the Symposium, which included top speakers on distressed debt in one of the world’s major financial centers. In February 2010, the Symposium moves back to South Florida.
CaribbeaN insolvenc y symposium
ABI will hold its Fifth International Insolvency Symposium in Paris on Oct. 9, 2009. This conference brings together top international speakers to discuss the issues of the moment in international insolvency and restructuring. Topics will include developments in out-of-court restructurings in Europe, lessons to be learned from international “blockbuster” cases, and implementing financial and operational restructurings in Europe. During the last year ABI relaunched its global insolvency Web site. It now includes daily content of news headlines on cross-border insolvency and global economic news. The new site also contains links to quarterly newsletters from INSOL, as well as links to all INSOL member associations. Further, it includes easy links to ABI international publications, such as ABI Journal articles appearing in the three regular columns on international issues (European Update, The International Scene and Latin America Update), the newsletters produced by ABI’s International Committee and the conference materials for the educational sessions sponsored by ABI’s International Committee. The redesigned site is governed by an editorial board and oversight committee of ABI and INSOL leaders, including ABI Vice President - International Ian Williams ( Bryan Cave LLP; London), Steven Golick (Osler, Hoskin & Harcourt LLP; Toronto) and Sandy Shandro (3-4 South Square; London).
Friday, October 9, 2009 The Westin Paris Paris, France
InternatIonal Insolvency symposIum
PROFESSIONALDEVELOPMENT A
BI maintains a strong commitment to developing the next generation of insolvency professionals. Law students enjoy full membership benefits at reduced dues and a discounted rate for their first two years after graduation. Over the past year, ABI continued its initiative of providing or assisting in the formal training of judicial law clerks. In October 2008, more than 50 judicial law clerks from the New York City area and trial attorneys and paralegals from the regional offices of the U.S. Trustee Program attended a day-long program on business bankruptcy fundamentals sponsored by ABI. The program featured several judges from the Southern and Eastern Districts of New York. In addition, in early spring 2009 ABI provided scholarships to 24 judicial law clerks to attend three days of training at the annual Byrne Judicial Clerkship Institute at Pepperdine University School of Law in Malibu.
The 17th Annual Chief Judge Conrad B. Duberstein National Bankruptcy Memorial Moot Court Competition, co-sponsored by St. John’s University School of Law, attracted more than 45 law school teams to the event in March 2009. A team from the University of Miami prevailed as the top team, and the University of Kansas earned second place. More than 850 bankruptcy professionals from the New York area attended the finalnight awards dinner at Pier 60 in Manhattan. The competition honors the memory of the late Judge Duberstein, a former member of the ABI Board of Directors and the Chief Bankruptcy Judge of the Eastern District of New York. In a ceremony earlier in the day of the final rounds, the Brooklyn Bankruptcy Courthouse was renamed in honor of Judge Duberstein. New York-area bankruptcy judges and a dozen bankruptcy judges from around the nation participated as judges, and three federal appeals court judges helped judge the final round. Prize money and other financial support came from the Anthony H.N. Schnelling Endowment Fund.
ABI sponsored two new events this year related to professional development. ABI’s Bankruptcy Litigation Committee created ABI’s First Annual Bankruptcy Law Student Writing Competition, with cash, publication and membership awards for the top three winners. Twenty-nine law students submitted papers. ABI’s Young and New Members Committee hosted ABI’s inaugural Professional Development Program in Chicago in May 2009. Well attended by more than 100 bankruptcy professionals, the program was created in an effort to equip developing bankruptcy professionals with the knowledge and skills needed to excel in the bankruptcy arena from all perspectives—legal, financial, accounting, networking and advancing in the profession.
In November 2008, 11 of the nation’s top graduate business schools competed in the Fifth Annual ABI Corporate Restructuring Competition, again co-sponsored by Houlihan Lokey and hosted by the Kellogg Graduate School of Management at Northwestern University in Chicago. The host school won the beautiful Bettina M. Whyte trophy, named in honor of an ABI past president and former member of AlixPartners. The competition encourages second-year MBA students to find creative solutions to a realworld complex case problem, while providing them with feedback from some of the top talent in the corporate recovery world who serve as the judges. The Endowment Fund provides financial support to the competition. Attendees at the Annual Byrne Judicial Law Clerk Institute, held at Pepperdine School of Law in Malibu (pictured above). ABI again funded $500 scholarships for 24 bankruptcy clerks from around the country to attend. The Institute’s faculty included bankruptcy judges Margaret Mahoney (S.D. Ala.), Steven W. Rhodes (E.D. Mich.), Barry Russell (C.D. Calif.) and Gregg Zive (D. Nev.). The Institute program included presentations on jurisdiction, procedure, appeals, legal writing, evidence and ethics.
Inaugural Professional Development Program in Chicago on May 28, 2009
BOARDCERTIFICATION T
he American Board of Certification (ABC) is the nation’s premier legal specialty certification organization, certifying attorneys as specialists in business bankruptcy, consumer bankruptcy and creditors’ rights law. ABC serves the public interest by allowing potential clients to make an informed decision in selecting bankruptcy and creditors’ rights counsel. ABC certification encourages attorneys to strive toward excellence and recognizes those attorneys who have met the rigorous ABC standards. The ABC program is sponsored by ABI and the Commercial Law League of America (CLLA), and all three ABC programs are accredited by the American Bar Association and several states. ABC certification is available to all qualified attorneys, without regard to membership in ABI or CLLA.
The ABC has seen a marked increase in calls from the public seeking a certified bankruptcy specialist this year. The ABC Web site, www.abcworld. org, has been improved this year, making it easier to search for a certified specialist. The ABC Marketing Committee is currently investigating new advertising opportunities, which would assist the public in selecting counsel for their bankruptcy matters. The new ABC Directory will be available at the National Conference of Bankruptcy Judges in October. ABC is now accredited in the State of Florida with their Business Bankruptcy and Consumer Bankruptcy specialties. In addition, the ABC was reaccredited with the American Bar Association this year.
ABC partners with abi at its conferences
and workshops, holding the certification exam at selected locations. In addition, ABC can schedule an in-office examination for the busy bankruptcy practitioner upon request.
2009 • 2010 EXAMSCHEDULE ABC EXAMS ARE HELD AT CONFERENCES OF THE ABC SPONSORS, ABI AND THE COMMERCIAL LAW LEAGUE OF AMERICA (CLLA), IN ADDITION TO OTHER INDUSTRY CONFERENCES. Date
For further information regarding the American Board of Certification, visit www.abcworld.org, or contact the organization toll-free at (877) 365-2221.
City
Event/Location
Registration Deadline
12/3/09
La Quinta, CA
ABI Winter Leadership Conference La Quinta Resort & Spa
12/3/09
4/29/10
National Harbor, MD
ABI Annual Spring Meeting Gaylord National Resort & Convention Center
4/29/10
6/17/10
Traverse City, MI
ABI Central States Bankruptcy Workshop Grand Traverse Resort & Spa
6/17/10
7/7/10
Brewster, MA
ABI Northeast Bankruptcy Conference Ocean Edge Resort
7/7/10
7/14/10
Amelia Island, FL
ABI Southeast Bankruptcy Workshop Ritz-Carlton Amelia Island
7/14/10
8/5/10
Cambridge, MD
ABI Mid-Atlantic Bankruptcy Workshop Hyatt Regency Chesapeake Bay
8/5/10
12/2/10
Scottsdale, AZ
ABI Winter Leadership Conference Camelback Inn, A JW Marriott Resort & Spa
12/2/10
$MILLIONS
$10 $9 $8
Growth of Revenue by Type and Total (1995-2008)
$7 $6 $5 $4 $3 $2 $1 $0 Dues Conferences Other TOTAL
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
$663,189 669,088 364,994 $1,697,271
$692,661 848,675 331,231 $1,872,567
$764,181 1,069,363 485,199 $2,318,743
$886,960 1,220,614 526,104 $2,633,678
$1,044,582 1,386,833 627,531 $3,058,946
$1,171,057 1,711,942 544,826 $3,427,825
$1,214,404 2,369,139 568,708 $4,152,251
$1,393,939 2,516,024 1,021,926 $4,931,889
$1,630,758 3,231,348 1,067,649 $5,929,755
$1,892,647 3,536,349 1,019,899 $6,448,895
$2,249,044 4,424,243 1,336,933 $8,010,220
$2,448,121 4,446,017 1,737,862 $8,632,000
$2,586,230 4,826,514 1,777,819 $9,190,563
$2,675,507 5,040,937 1,582,011 $9,298,455
2009FINANCES
American Bankruptcy Institute Statement of Financial Position ASSETS December 31, 2008 December 31, 2007
Dear ABI Members: The American Bankruptcy Institute sustained its strong financial position during 2008, increasing net assets to more than six million dollars. This healthy growth helps ABI continue to provide the highest quality programs and services for our members. In the annual audit of ABI by Aronson & Company, an audit firm specializing in nonprofit organizations, ABI was issued an unqualified “clean report” in conformity with general accepted accounting principles. The auditors found no matters involving internal controls and operations that were considered to be material weaknesses. Moreover, the auditors commented that ABI was very fortunate in the performance of its investments in that most of Aronson’s nonprofit clients had experienced declines in the value of their portfolios during 2008 of more than 20%, with some having much higher losses, and that we were in stark contrast to them, having done very well due to our conservative investment approach. ABI possesses a strong financial position. In order to continue this strong financial position, ABI maintains three funds: General Operating Funds, General Reserve Funds and the Anthony H.N. Schnelling Endowment Fund. ABI establishes prudent guidelines for the reserve levels of the two General Funds based on industry standards and recommendations from outside financial advisors. The Endowment Fund will continue to be kept in a segregated account, and any expenditures of the principal of the Endowment Fund will continue to require a two-thirds majority vote by the Board of Directors under the ABI bylaws. The Audit Subcommittee is currently in the process of selecting and retaining a firm for the audit of the 2009 Financial Statements. Respectfully submitted, Rebecca A. Roof Treasurer John Tittle, Jr. Audit Subcommittee Chair
Cash and cash equivalents
$182,092
$371,652
Investments
8,418,515
7,324,629
Accounts receivable, net
857,282
358,486
Prepaid and other assets
323,468
193,622
Pledges receivable, net
159,149
204,329
Property and Equipment, net
524,995
167,034
Deposits TOTAL ASSETS
49,282
49,540
$10,514,783
$8,669,292
$1,186,883
$751,970
LIABILITIES AND NET ASSETS Liabilities: Accounts payable and accrued expenses Deferred revenue
3,205,847
2,434,509
Total Liabilities
4,392,730
3,186,479
Undesignated
3,716,973
3,291,310
Board designated endowment
2,198,002
1,953,917
5,914,975
5,245,227
Net assets: Unrestricted
Temporarily restricted Total net assets TOTAL LIABILITIES AND NET ASSETS
207,078
237,586
6,122,053
5,482,813
$10,514,783
$8,669,292
Anthony H.N. Schnelling Endowment Fund
MAJORCONTRIBUTORS CENTURY COUNCIL MEMBERS ($25,000 and above)
LIFETIME MEMBERS ($10,000-$24,999)
• AlixPartners LLP Jay Alix • Scott L. Baena Bilzin Sumberg Baena Price & Axelrod, LLP • Bayard, P.A. • William A. Brandt, Jr. Development Specialists, Inc. • Bridge Associates LLC Anthony H.N. Schnelling & Carl H. Young, III • John William Butler, Jr. Skadden, Arps, Slate, Meagher & Flom LLP • L.E. Creel III Wright Ginsberg Brusilow P.C. • Robert N. Dangremond AlixPartners LLP • Harry D. Dixon, Jr. • Ted Gavin NachmanHaysBrownstein, Inc. • Keen Consultants -The Real Estate Division of KPMG Corporate Finance LLC Harold J. Bordwin • National Auctioneers Association Robert A. Shively & Larry Theurer • John Tittle, Jr. NachmanHaysBrownstein, Inc. • Visa Inc. • Bettina M. Whyte
• A.S.K. Financial LLP Gregory S. Abrams & Joseph L. Steinfeld • John W. Ames Greenebaum Doll & McDonald PLLC • Andersen • Ballard Spahr Andrews & Ingersoll, LLP Tobey M. Daluz, Carl A. Eklund & Vincent J. Marriott III • Becket & Lee, LLP • Gerald P. Buccino Buccino & Associates, Inc. • Clear Thinking Group LLC Joseph E. Myers • Mitchell H. Cohen Gordon Brothers Group, LLC • James H. Cossitt Attorney & Counselor at Law • Walter H. Curchack Loeb & Loeb LLP • Sanford R. Edlein Huron Consulting Group • Ford Elsaesser Elsaesser, Jarzabek, Anderson, Marks, Elliott & McHugh, Chtd. • Barbara A. Everly • Executive Sounding Board Associates, Inc. Martin I. Katz • James S. Feltman Mesirow Financial Consulting LLC • Steven C. Golick Osler, Hoskin & Harcourt, LLP • Greater Kansas City Community Foundation o/b/o the Thau Family Trust • High Ridge Partners Nancy A. Ross • The Hilco Organization Benjamin L. Nortman & Richard L. Kaye • Hon. Lee M. Jackwig U.S. Bankruptcy Court • Douglas Jessop Jessop & Company, PC
(as of September 15, 2009)
BENEFACTORS ($5,000-$9,999) • Peter S. Kaufman Gordian Group, LLC • James B. Matthews Prime Locations, LLC • McDonald Hopkins LLC Shawn M. Riley • James T. Markus Markus Williams Young & Zimmerman, LLC • J. Robert Medlin FTI Consulting, Inc. • Leslie H. Miles, Jr. Asset Valuation Source, LLC • MorrisAnderson & Associates, Ltd. Daniel F. Dooley • NachmanHaysBrownstein, Inc. Howard Brod Brownstein • Patricia A. Redmond Stearns, Weaver, Miller, Weissler, Alhadeff & Sitterson, PA • Robert P. Reynolds Reynolds, Reynolds & Duncan, LLC • Michael P. Richman Patton Boggs LLP • Rebecca A. Roof AlixPartners LLP • Thomas J. Salerno Squire, Sanders & Dempsey, LLP • Chester B. Salomon Becker, Glynn, Melamed & Muffly LLP • David C. Schattenstein • Jack Seward • Keith J. Shapiro Greenberg Traurig, LLP • James Patrick Shea Shea & Carlyon, Ltd. • William K. Snyder CRG Partners Group LLC • Togut, Segal & Segal LLP Albert Togut • Wells Fargo Foothill Scott R. Diehl • Prof. Jack F. Williams Georgia State University/ BDOSeidman LLP • Prof. Robert M. Zinman
• Arent Fox LLP Andrew I. Silfen • Atlas Partners, LLC Roger “Biff” Ruttenberg • Steven M. Berman Shumaker, Loop & Kendrick, LLP • Joseph S.U. Bodoff Bodoff & Associates, P.C. • Edward P. Bond Bederson & Company, LLP • C. R. (Chip) Bowles, Jr. Greenebaum Doll & McDonald PLLC • Paul Bennett Bran Dickstein Shapiro, LLP • Eric L. Brossman Saul Ewing LLP • Donald R. Calaiaro Calaiaro, Corbett & Brungo, PC • Richard P. Carmody Adams and Reese LLP • George B. Cauthen Nelson Mullins Riley & Scarborough, LLP • Rudy J. Cerone McGlinchey Stafford, PLLC • Hon. Leif M. Clark U.S. Bankruptcy Court • Cohn, Whitesell & Goldberg LLP Daniel C. Cohn • H. Slayton Dabney, Jr. King & Spalding LLP • William Q. Derrough Moelis & Company • Dickinson & Warren, PLLC Daniel F. Gosch • Michael J. Epstein CCRG Partners Group LLC • Robert M. Fishman Shaw, Gussis, Fishman, Glantz, Wolfson & Towbin LLC • Douglas M. Foley McGuireWoods LLP • Terri L. Gardner Nelson Mullins Riley & Scarborough, LLP
• Scott F. Gautier Peitzman, Weg & Kempinsky LLP • Samuel J. Gerdano American Bankruptcy Institute • Bruce A. Harwood Sheehan, Phinney, Bass + Green • Dion W. Hayes McGuireWoods LLP • Philip J. Hendel Hendel & Collins, PC • Kenneth C. Henry RTL Advisory Group, Inc. • Reginald W. Jackson Vorys, Sater, Seymour & Pease LLP • Jones Day • Soneet R. Kapila Kapila & Company • Robert J. Keach Bernstein Shur • George M. Kelakos Kelakos Advisors LLC • William I. Kohn Benesch, Friedlander, Coplan & Aronoff, LLP • Melissa Kibler Knoll Mesirow Financial Consulting, LLC • Andrew A. Kress Kaye Scholer LLP • Forrest B. Lammiman Meltzer, Purtill & Stelle LLC • E. Bruce Leonard Cassels Brock & Blackwell, LLP • Martin F. Lewis Greenhill & Co., Inc. • David Linn Oak Point Partners • Hon. Raymond T. Lyons U.S. Bankruptcy Court • Jerry M. Markowitz Markowitz, Davis, Ringel & Trusty, PA • Josefina Fernandez McEvoy Fox Rothschild LLP • David S. Miller Macquarie Capital (USA) Inc.
• Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC Richard Mikels • Francis A. Monaco, Jr. Womble Carlyle Sandridge & Rice PLLC • Thomas A. Morrow AlixPartners LLP • Jill L. Murch Foley & Lardner LLP • Novare, Inc. Jack B. Fishman & Anne B. Miller • David L. Osias Allen Matkins Leck Gamble Mallory Natsis LLP • The Ozer Group/ Paragon Capital LLC • Norman L. Pernick Cole, Scholtz, Meisel, Roman & Leonard, PA • Daniel H. Puryear Smythe, Puryear & Robertson • Dawn Ragan CRG Partners Group LLC • Craig V. Rasile Hunton & Williams LLP • Joseph Samet Baker & McKenzie LLP • Brian L. Shaw Shaw Gussis Fishman Glantz Wolfson & Towbin LLC • Glenn E. Siegel Dechert LLP • James H.M. Sprayregen Kirkland & Ellis LLP • Steven R. Strom Jefferies & Company, Inc. • Stutman, Treister & Glatt. PC Michael H. Goldstein • Troy Taylor Algon Capital LLC • Harvey L. Tepner WL Ross & Co. • Richard N. Tilton • J. Scott Victor SSG Capital Advisors, LLC
• von Briesen & Roper, SC Randall D. Crocker & Claire Ann Resop • Lynnette R. Warman Hunton & Williams LLP • Prof. G. Ray Warner St. John’s University/ Of Counsel, Greenberg Traurig, LLP • Robert H. Warshauer Imperial Capital, LLC • Ian G. Williams Bryan Cave LLP • Deborah Williamson Cox Smith Matthew Inc.
2009•2010BOARD OF DIRECTORS † Reginald W. Jackson Chairman Vorys, Sater, Seymour and Pease LLP Columbus, Ohio
† Ian G. Williams Vice President-International Bryan Cave LLP London, England
† Robert J. Keach President Bernstein Shur Portland, Maine
† Brian L. Shaw Vice President-Membership Shaw Gussis Fishman Glantz Wolfson & Towbin LLC Chicago, Ill. † Geoffrey L. Berman Vice President-Publications Development Specialists, Inc. Los Angeles, Calif.
† John W. Ames Immediate Past President Greenebaum Doll & McDonald PLLC Louisville, Ky. † Melissa Kibler Knoll President-Elect Mesirow Financial Consulting, LLC Chicago, Ill. † James T. Markus Vice President-Education Markus Williams Young & Zimmerman, LLC Denver, Colo. † Hon. Eugene R. Wedoff Vice President-Communication & Information Technology U.S. Bankruptcy Court Chicago, Ill. † Patricia A. Redmond Vice President-Development Stearns, Weaver, Miller, Weissler, Alhadeff & Sitterson, PA Miami, Fla.
† Margaret Howard Vice President-Research/Grants Washington & Lee Law School Lexington, Va. † James Patrick Shea Secretary Shea & Carlyon, Ltd. Las Vegas, Nev. † Rebecca A. Roof Treasurer AlixPartners LLP New York, N.Y. Peter J. Antoszyk Proskauer Rose LLP Boston, Mass. Melyssa R. Barrett Visa Inc. Foster City, Calif.
Alane A. Becket Becket & Lee, LLP Malvern, Pa.
William Q. Derrough Moelis & Company New York, N.Y.
Lorie R. Beers KPMG Corporate Finance LLP New York, N.Y.
Hon. Dennis R. Dow U.S. Bankruptcy Court Kansas City, Mo.
Hon. Joan N. Feeney U.S. Bankruptcy Court Boston, Mass.
Matthew Bordwin Keen Consultants - The Real Estate Division of KPMG Corporate Finance LLC Melville, N.Y.
C.R. “Chip” Bowles Jr. Greenebaum Doll & McDonald PLLC Louisville, Ky. Jo Ann J. Brighton K&L Gates LLP Charlotte, N.C. Howard Brod Brownstein NachmanHaysBrownstein, Inc. Narberth, Pa. Ralph E. Brubaker University of Illinois College of Law Champaign, Ill. Rudy J. Cerone McGlinchey Stafford, PLLC New Orleans, La. H. Slayton Dabney, Jr. King & Spalding LLP New York, N.Y.
Jonathan P. Friedland Levenfeld Pearlstein, LLC Chicago, Ill. Scott F. Gautier Peitzman, Weg & Kempinsky LLP Los Angeles, Calif. Bruce A. Harwood Sheehan, Phinney, Bass + Green Manchester, N.H. Hon. Jeffery P. Hopkins U.S. Bankruptcy Court Cincinnati, Ohio Peter S. Kaufman Gordian Group, LLC New York, N.Y. Dennis J. LeVine Dennis LeVine & Associates, PA Tampa, Fla. Jean Maess Thomson Reuters Rochester, N.Y.
Deirdre A. Martini Wachovia Capital Finance, a Wells Fargo Company New York, N.Y.
Josefina Fernandez McEvoy Fox Rothschild LLP Los Angeles, Calif.
Jeff J. Marwil Proskauer Rose LLP Chicago, Ill.
Richard M. Meth Day Pitney LLP Morristown, N.J.
Francis A. Monaco, Jr. Womble Carlyle Sandridge & Rice PLLC Wilmington, Del. Bruce S. Nathan Lowenstein Sandler PC New York, N.Y. Nancy A. Peterman Greenberg Traurig, LLP Chicago, Ill. † Jeffrey N. Pomerantz Pachulski Stang Ziehl & Jones LLP Los Angeles, Calif.
Nancy B. Rapoport William S. Boyd School of Law, University of Nevada, Las Vegas Las Vegas, Nev.
Claire Ann Resop von Briesen & Roper, SC Madison, Wis.
Albert Togut Togut, Segal & Segal, LLP New York, N.Y.
Hon. Barry Russell U.S. Bankruptcy Court Los Angeles, Calif. Chester B. Salomon Becker, Glynn, Melamed & Muffly LLP New York, N.Y.
J. Scott Victor SSG Capital Advisors, LLC West Conshohocken, Pa. † Lynnette R. Warman Hunton & Williams LLP Dallas, Texas
Tracy C. Sandler Osler, Hoskin & Harcourt LLP Toronto, Ont.
G. Ray Warner St. John’s University School of Law Jamaica, N.Y.
Hon. Wesley W. Steen U.S. Bankruptcy Court Houston, Texas Lynn Lewis Tavenner Tavenner & Beran, PLC Richmond, Va. Deborah L. Thorne Barnes & Thornburg LLP Chicago, Ill. † John Tittle, Jr. NachmanHaysBrownstein, Inc. Dallas, Texas Sheryl L. Toby Dykema PLLC Bloomfield Hills, Mich.
David B. Wheeler Moore & Van Allen, PLLC Charleston, S.C. R. Scott Williams Haskell Slaughter Young & Rediker, LLC Birmingham, Ala.
Hon. Gregg W. Zive U.S. Bankruptcy Court Reno, Nev. Samuel J. Gerdano Executive Director Alexandria, Va.
† Denotes Executive Committee Member
abiSTAFF Kathy Sheehan, Monica Brown, Patty Sadusky, Pawel Pietrzak and Alexandra Walker (l-r)
Traci Van Buren, John Hartgen, Elizabeth Stoltz, Patrick J.F. McGrath and Carolyn M. Kanon (l-r)
SENIORSTAFF Samuel J. Gerdano, Executive Director/Chief Operating Officer Felicia S. Turner, Deputy Executive Director Samuel J. Gerdano
Robel Kassa, Matthew Lukban, Jeff Tabor, Karim Guirguis and Carrie Soults (l-r)
Kimberly Hay, Maggie Brown, Leah Weston, Christopher S. Thackston, Mary Kleppinger and Martha Cannon (l-r)
Felicia S. Turner
John Good, Jennifer Dugas, Anne-Marie Corkran, Shannon Nelligan, Rhonda Garrett and Jennifer Aversano (l-r)
Accounting
Communications
Interactive Media & Technology
Membership & Administration
Meetings & Marketing
Kathy Sheehan, Chief Financial Officer Patty Sadusky, Accounting Manager Alexandra Walker, Staff Accountant Monica Brown, Staff Accountant Pawel Pietrzak, Staff Accountant
Carolyn M. Kanon, Director of Communications Elizabeth Stoltz, Managing Editor John Hartgen, Public Affairs Manager Patrick J.F. McGrath, Graphic Designer Traci Van Buren, Communications Assistant
Karim Guirguis, Director of Interactive Media & Technology Matthew Lukban, Media Technology Specialist Robel Kassa, Web Specialist Carrie Soults, Web Specialist Jeff Tabor, Web Developer
Christopher S. Thackston, Director of Membership Mary Kleppinger, Director of Administration Kimberly Hay, Membership Retention Manager Maggie Brown, Membership Program Manager Martha Cannon, Membership Assistant Leah Weston, Staff Assistant
Jennifer Dugas, Senior Meeting Planner John Good, Meeting Planner Jennifer Aversano, Meeting Planner Shannon Nelligan, Meeting Planner Rhonda Garrett, CLE Coordinator Anne-Marie Corkran, Director of Marketing
abiCOMMITTEES Asset Sales
Commercial Fraud Task Force
Daryl Martin Co-Chair CONSOR Intellectual Asset Management 7342 Girard Ave., Suite 8 La Jolla, CA 92037-5159 T: (858) 454-9091 F: (858) 454-7819 dmartin@consor.com
Sheryl L. Toby Co-Chair Dykema Gossett PLLC 39577 Woodward Avenue, Suite 300 Bloomfield Hills, MI 48304-5086 T: (248) 203-0522 F: (248) 203-0763 stoby@dykema.com
Bankruptcy Litigation
Consumer Bankruptcy
Gary S. Jacobson Co-Chair Herold Law, PA 25 Independence Blvd Warren, NJ 07059-2720 T: (908) 484-1117 F: (908) 647-7721 gjacobson@heroldlaw.com
Mark M. Maloney Co-Chair King & Spalding LLP 1180 Peachtree St NE Atlanta, GA 30309-3531 T: (404) 572-4857 F: (404) 572-5149 mmaloney@kslaw.com Irving E. Walker Co-Chair Cole, Schotz, Meisel, Forman & Leonard, PA 300 E Lombard St Baltimore, MD 21202-3219 T: (410) 528-2970 F: (410) 528-9400 iwalker@coleschotz.com
Francis A. Monaco, Jr. Co-Chair Womble Carlyle Sandridge & Rice PLLC 222 Delaware Ave, Suite 1501 Wilmington, DE 19801-1682 T: (302) 252-4340 F: (302) 661-7730 fmonaco@wcsr.com
Alane A. Becket Co-Chair Becket & Lee, LLP 16 General Warren Blvd PO Box 3001 Malvern, PA 19355-1245 T: (610) 644-7800 F: (610) 993-8494 abecket@becket-lee.com Hon. C. Ray Mullins Co-Chair U.S. Bankruptcy Court 75 Spring St SW Suite 1270 Atlanta, GA 30303-3345 T: (404) 215-1002 F: (404) 215-1117 ray_mullins@ganb.uscourts.gov
Gerald A. Shapiro Co-Chair BDO Corporate Consulting Advisors 135 West 50th Street New York, NY, 10020 (212) 885-7440 (212) 515-2599 jshapiro@bdocca.com
Health Care
Leslie Ann Berkoff Co-Chair Moritt Hock Hamroff & Horowitz LLP 400 Garden City Plz Garden City, NY 11530-3327 T: (516) 873-2000 (ex. 243) F: (516) 873-2010 lberkoff@moritthock.com Suzanne Koenig Co-Chair SAK Management Services, LLC 4055 W Peterson Ave, Suite 101 Chicago, IL 60646-6072 T: (773) 202-0000 F: (773) 267-0111 skoenig@sakmgmt.com
International
Gordon W. Johnson Co-Chair EM Advisors LLC 11710 Plaza America Dr, Suite 2000 Reston, VA 20190-4743 T: (703) 871-5200 F: (703) 871-5111 gjohnson@emadvisors.net
G. Ray Warner Co-Chair St. John’s University and Of Counsel Greenberg Traurig, LLP 8000 Utopia Pkwy Jamaica, NY 11439-0001 T: (718) 990-6620 F: (718) 591-1855 warnerg@stjohns.edu
Public Companies & Claims Trading
Legislation
Andrea J. Pincus Co-Chair Reed Smith LLP 599 Lexington Ave, 29th Floor New York, NY 10022-7645 T: (212) 521-5400 F: (212) 521-5450 apincus@reedsmith.com
Karen Cordry Co-Chair National Association of Attorneys General 2030 M St NW 8th Fl Washington, DC 20036-3306 T: (202) 326-6025 F: (202) 331-1427 kcordry@naag.org Hon. Jeffery P. Hopkins Co-Chair U.S. Bankruptcy Court 221 E 4th St, Suite 800 Cincinnati, OH 45202-4133 T: (513) 684-2572 x146 F: (513) 357-5420 jeffery_hopkins@ohsb.uscourts.gov Hon. David W. Houston, III Co-Chair U.S. Bankruptcy Court Thad Cochran U. S. Courthouse 703 Hwy 145 N Aberdeen, MS 39730-9569 T: (662) 369-2624 F: (662) 369-2635 david_houston@msnb.uscourts.gov
H. Slayton Dabney, Jr. Co-Chair King & Spalding LLP 1185 Avenue Of The Americas New York, NY 10036-2601 T: (212) 556-2287 F: (212) 556-2222 sdabney@kslaw.com
Real Estate
David R. Kuney Co-Chair Sidley Austin LLP 1501 K St NW Washington, DC 20005-1401 T: (202) 736-8650 F: (202) 736-8711 dkuney@sidley.com Berry D. Spears Co-Chair Fulbright & Jaworski LLP 600 Congress Ave, Suite 2400 Austin, TX 78701-2978 T: (512) 536-5246 F: (512) 536-4598 bspears@fulbright.com
Unsecured Trade Creditors Ronald E. Gold Co-Chair Frost Brown Todd LLC 201 E Fifth St, Suite 2500 PNC Ctr Cincinnati, OH 45202-4707 T: (513) 651-6156 F: (513) 651-6981 rgold@fbtlaw.com
Jean R. Robertson Co-Chair Calfee, Halter & Griswold LLP 1400 KeyBank Ctr 800 Superior Ave Cleveland, OH 44114-2613 T: (216) 622-8404 F: (216) 241-0816 jrobertson@calfee.com Val Venable Co-Chair SABIC Innovative Plastics 9930 Kincey Ave Huntersville, NC 28078-6468 T: (704) 992-5075 F: (866) 585-2386 valerie.venable@sabic-ip.com
Bankruptcy Taxation
Eric Lloyd Pruitt Co-Chair Baker, Donelson, Bearman, Caldwell & Berkowitz, PC 420 20th St N, Suite 1600 Wachovia Twr Birmingham, AL 35203-5202 T: (205) 244-3836 F: (205) 488-3836 epruitt@bakerdonelson.com John Tittle, Jr. Co-Chair NachmanHaysBrownstein, Inc. 3102 Maple Ave, Suite 450 Dallas, TX 75201-1261 T: (214) 800-2304 F: (214) 800-2318 jtittle@nhbteam.com
Business Reorganization
Deborah A. Crabbe Co-Chair Foster Pepper PLLC 1111 Third Ave #3400 Seattle, WA 98101-3264 T: (206) 447-4400 F: (206) 447-9700 crabd@foster.com Leonard Klingbaum Co-Chair Kirkland & Ellis LLP 153 E 53rd St New York, NY 10022-4611 T: (212) 446-4792 F: (212) 446-6460 lklingbaum@kirkland.com Bradley D. Sharp Co-Chair Development Specialists, Inc. 333 S Grand Ave Ste 4070 Los Angeles, CA 90071-1544 T: (213) 617-2717 F: (213) 617-2718 bsharp@dsi.biz
Court Administration & Alternative Dispute Resolution David D. Bird Co-Chair U.S. Bankruptcy Court 824 N Market St Wilmington, DE 19801-3024 T: (302) 252-2943 F: (302) 573-6014 david_bird@deb.uscourts.gov
Judy D. Thompson Co-Chair Poyner Spruill LLP 301 S College St, Suite 2300 Charlotte, NC 28202-6041 T: (704) 342-5299 F: (704) 342-5264 jdthompson@poynerspruill.com
Ethics
Edward T. Gavin Co-Chair NachmanHaysBrownstein, Inc. 919 N Market St, Suite 1410 Wilmington, DE 19801-3046 T: (302) 655-8997 X151 F: (302) 655-6063 tgavin@nhbteam.com
Luis Salazar Co-Chair Greenberg Traurig, LLP 1221 Brickell Ave Miami, FL 33131-3224 T: (305) 579-0751 F: (305) 579-0717 salazarl@gtlaw.com
John D. McMickle Co-Chair Winston & Strawn LLP 1700 K St NW Washington, DC 20006-3817 T: (202) 282-5833 F: (202) 282-5100 jmcmickle@winston.com
John F. Young Co-Chair Markus Williams Young & Zimmerman, LLC 1700 Lincoln St, Suite 4000 Denver, CO 80203-4540 T: (303) 830-0800 F: (303) 830-0809 jyoung@markuswilliams.com
Sandy Shandro Co-Chair 3-4 South Square Gray’s Inn London, England WC1R 5HP UNITED KINGDOM T: +44 (0)20 7696 9900 F: +44 (0)20 7696 9911 sandyshandro@southsquare.com
Labor and Employment
Secured Credit
Investment Banking
Lisa Bittle Tancredi Co-Chair Gebhardt & Smith LLP One South St, 22nd Floor Baltimore, MD 21202-3298 T: (410) 385-5048 F: (410) 385-5118 lisa.tancredi@gebsmith.com
Lorie R. Beers Co-Chair KPMG Corporate Finance LLP 345 Park Ave New York, NY 10154-0004 T: (212) 872-7676 F: (646) 365-3480 lbeers@kpmg.com
Judith Greenstone Miller Co-Chair Jaffe, Raitt, Heuer & Weiss, PC 27777 Franklin Rd, Suite 2500 Southfield, MI 48034-8222 T: (248) 351-3000 F: (248) 351-3082 jmiller@jaffelaw.com
J. Scott Victor Co-Chair SSG Capital Advisors, LLC Five Tower Bridge, Suite 420 300 Barr Harbor Drive West Conshohocken, PA 19428-2998 T: (610) 940-5802 F: (610) 940-3875 jsvictor@ssgca.com
Financial Advisors
Law School
Stephen S. Gray Co-Chair CRG Partners Group LLC 2 Atlantic Ave, 4th Floor Boston, MA 02110-3976 T: (617) 482-4242 F: (617) 482-9804 stephen.gray@crgpartners.com
Nancy B. Rapoport Co-Chair William S. Boyd School of Law University of Nevada, Las Vegas PO Box 451003 Las Vegas, NV 89154-1003 T: (713) 202-1881 F: (702) 896-0459 nancy.rapoport@unlv.edu
Michael L. Bernstein Co-Chair Arnold & Porter LLP 555 12th St NW Washington, DC 20004-1200 T: (202) 942-5577 F: (202) 942-5999 michael.bernstein@aporter.com
Professional Compensation
T. Scott Avila Co-Chair CRG Partners Group LLC 11835 West Olympic Blvd Suite 705E Los Angeles, CA 90064-5053 T: (310) 460-3409 F: (310) 919-3751 scott.avila@crgpartners.com Douglas E. Deutsch Co-Chair Chadbourne & Parke, LLP 30 Rockefeller Plz New York, NY 10112-0015 T: (212) 408-5169 F: (212) 541-5369 ddeutsch@chadbourne.com
C.R. “Chip” Bowles, Jr. Co-Chair Greenebaum Doll & McDonald PLLC 101 S 5th St, Suite 3500 National City Twr Louisville, KY 40202-3140 T: (502) 587-3746 F: (502) 540-2274 crb@gdm.com
Technology & Telecommunication Cases
W. Clarkson McDow Co-Chair Office of the U.S. Trustee, Region 4 1835 Assembly St, Suite 953 Columbia, SC 29201-2448 T: (803) 765-5235 F: (803) 765-5260 clarkson.mcdow@usdoj.gov
William K. Snyder Co-Chair CRG Partners Group LLC 13355 Noel Rd Suite 1825 Dallas, TX 75240-6835 T: (972) 702-7333 F: (972) 702-7334 william.snyder@crgpartners.com
H. Jason Gold Co-Chair Wiley Rein LLP 7925 Jones Branch Dr #6200 McLean, VA 22102-3376 T: (703) 905-2825 F: (703) 905-2820 jgold@wileyrein.com
Young & New Members
Thomas Michael Horan Co-Chair Womble Carlyle Sandridge & Rice PLLC 222 Delaware Ave, 15th Floor Wilmington, DE 19801-1621 T: (302) 252-4339 F: (302) 661-7707 thoran@wcsr.com Kathryn Pamenter Co-Chair The Garden City Group, Inc. One Dearborn St, 21st Floor Chicago, IL 60603-2307 T: (312) 212-4335 F: (312) 342-7162 kathryn.pamenter@gardencitygroup.com
2010PARTNERS PRESIDENTIALPARTNER EXECUTIVEPARTNERS
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CAPITALPARTNERS
EVENTSCHEDULE Exhibit and Sponsorship Opportunities: Northeast Consumer Winter Forum January 18 • Boston
Rocky Mountain Bankruptcy Conference January 21-22 • Denver
Atlanta Consumer Bankruptcy Skills Training
Litigation Skills Symposium Tulane University Law School May 11-14 • New Orleans
Views from the Bench, 2010 September TBD • Washington D.C.
New York City Bankruptcy Conference
ABI • UMKC Law School Midwestern Bankruptcy Institute
May 24 • New York
October TBD • Kansas City, Mo.
Central States Bankruptcy Workshop
Chicago Consumer Bankruptcy Conference
February 3 • Atlanta
June 17-20 • Traverse City, Mich.
Caribbean Insolvency Symposium
Northeast Consumer Bankruptcy Conference
February 11-12 • Boca Raton, Fla.
July 7-11 • Brewster, Mass.
Valcon 2010
Southeast Bankruptcy Workshop
February 24-26 • Las Vegas
July 14-17 • Amelia Island, Fla.
October 11 • Chicago
ABI Program at NCBJ October 15 • New Orleans
International Insolvency Symposium October • TBD
SUCL/Alexander L. Paskay Seminar on Bankruptcy Law & Practice
Atlanta Consumer and Business Nuts and Bolts
March 4-6 • Tampa, Fla.
August 3 • Atlanta
November TBD • Chicago
Bankruptcy Battleground West
Mid-Atlantic Bankruptcy Workshop
March 5 • Los Angeles
August 5-7 • Cambridge, Md.
Detroit Consumer Bankruptcy Conference
Chief Judge Conrad B. Duberstein Bankruptcy Moot Court Competition
Hawaii Bankruptcy Workshop
March 13-15 • New York
August 12-14 • Hawaii (Big Island)
Byrne Judicial Clerkship Institute
Complex Financial Restructuring Program
March 18-20 • Malibu, Calf.
September TBD • New York
Annual Spring Meeting
Southwest Bankruptcy Conference
April 29 – May 2 National Harbor, Md. (D.C.)
September 23-25 • Las Vegas
Corporate Restructuring Competition
November 11 • Dearborn, Mich.
Winter Leadership Conference December 9-11 • Scottsdale, Ariz.
abi.org Dates and locations subject to change. For the most current conference information, visit:
Anthony H.N. Schnelling
ENDOWMENTFUND The
abiENDOWMENTFUND was created in 1989 to provide resources for research and education.
By unanimous action of the ABI Management on July 6, 2009, it was renamed in honor of Anthony H.N. Schnelling, ABI Director and past Vice President - Development, who passed away on July 7. The Endowment Fund is directed by ABI’s Vice President - Development Patricia A. Redmond (Stearns, Weaver, Miller, Weissler, Alhadeff & Sitterson PA, Miami), with the assistance of a Development Committee. The Fund has grown significantly and now totals $2.4 million. Dedicated to never depleting the principal, the Fund only expends interest on program activities. ABI has transferred more than $720,000 in general funds to the Endowment, making it the largest single source of support. Projects eligible for funding include: research relating to bankruptcy or insolvency; surveys or other analytical investigation; the education of judges, court personnel, other governmental personnel and the general public; scholarships or other educational grants; and any other projects with a material research or educational benefit to the bankruptcy and insolvency community. Nearly $1 million in grants and scholarships has been awarded. More than 5,600 ABI members have made contributions to the Endowment. Contributors are acknowledged in the ABI Journal, ABIWorld and Membership Directory. Significant donors are also acknowledged at major ABI meetings. Members who contribute at or above the Benefactor level ($5,000 and up) who are attending the Annual Spring Meeting are invited to a special event. To make a donation, or for further information on the ABI Endowment, please contact ABI at (703) 739-0800 or send an email to endowment@abiworld.org.
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ALL LEVELS OF SUPPORT: o Century Council Member $25,000 and Greater o Sustaining Member $2,000 - $4,999 o Lifetime Member* $10,000 - $24,999 o Leadership Club $1,000 - 1,999 o Benefactor $5,000 - $9,999 o Donor $100 - $999 New contributions or pledges at or above the Sustaining Member level will be recognized at the Annual Spring Meeting. Contributions may be paid in equal installments of up to five years. All gifts are cumulative to allow donors to advance their level of contribution. * Lifetime members receive a complimentary annual membership upon completed payment of the pledge.
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