2015 ABI Annual Report

2015 AMERICAN BANKRUPTCY INSTITUTE

ANNUAL REPORT and

2015 • 2016 E VE N T PL ANN I NG CALE NDAR

Contents 4 A year of growth and commitment.

6 Remarks from ABI President James Patrick Shea.

8 Financial Performance: Solid and Sound.

10 Member engagement: By the numbers.

12 International ABI expands our global reach.

14 ABC observes strong demand for certified specialists.

16 ABI Bookstore: Simply the best bankruptcy books in the business.

18 Judge Steven Rhodes and the Detroit municipal bankruptcy.

20 A quick look at some of the names and faces from 2015 events.

22 The ABI Commission proposes to modernize chapter 11.

24 New web experience to benefit members and the public.

26 Meet Anna Flores, CARE’s new executive director.

28 New “Eye on Bankruptcy” online CLE program.

30 Committees: Still the best way to demonstrate leadership and get involved.

32 2015 American Bankruptcy Institute supporting partners.

34 More than $2 million in grants and scholarships has been awarded.

36 American Bankruptcy Institute 2015•2016 Board of Directors.

James Patrick Shea President

Jeffrey N. Pomerantz President-Elect

Patricia A. Redmond Board Chairman

Samuel J. Gerdano Executive Director

OCTOBER MONDAY

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WEDNESDAY

THURSDAY

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Seventh Circuit Consumer Bankruptcy Conference

Columbus Day

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Beijing Insolvency & Restructuring Symposium Ritz-Carlton Beijing, China ABI Benefit Wine Dinner Upstairs 2 Los Angeles, CA

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15 Credit Abuse Resistance Education (CARE) Program and Benefit Dinner Four Seasons Hotel Las Colinas, TX

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ABI Professional Development Program Jenner & Block Conference Center Chicago, IL

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SUNDAY

ABI and UMKC School of Law Midwestern Bankruptcy Institute Westin Kansas City at Crown Center Kansas City, MO

Jenner & Block Conference Center

Chicago, IL

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20th Annual Views from the Bench Georgetown University Law Center Washington, DC

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2015 A year of growth and commitment.

Samuel J. Gerdano Executive Director American Bankruptcy Institute Alexandria, VA

The past 12 months are noteworthy for several

More than 7,500 insolvency professionals attended

Our global programs reached new locations,

new milestones and achievements in service to our

ABI conferences or seminars during 2014, either

including the first-ever event in Asia with a seminar

members and the insolvency world.

in person or online — remarkable, given the sharp

in Beijing, timed to coincide with the economic

decline in bankruptcy filings and activity. Beyond

crisis in PRC. Our CARE financial literacy program for

In December 2014, ABI released the Final Report

quality CLE programs, we created a new annual

vulnerable youth enjoys a rebirth as an important

and Recommendations of the Commission to

program for emerging bankruptcy scholars, held at

player in this vital area.

Study the Reform of Chapter 11. The three-year

Brooklyn Law School, where more senior colleagues

effort culminated in more than 240 discrete policy

provide unique mentoring advice about research

ABI’s membership remained steady at 12,000 paid

proposals to modernize the law for the 21st

and teaching. Meanwhile, Sen. Elizabeth Warren, a

members, despite five straight years of double-

century. The 400-page report, supported by over

long-time ABI member, joined us at the 2015 Annual

digit declines in bankruptcy filings. We thank our

1,200 footnotes, was brilliantly authored by Prof.

Meeting to deliver for some well-received remarks.

members for their loyal support in recognizing the

Michelle Harner, our official reporter. As a work of

And we launched an innovative new monthly video

continued unique value that ABI provides.

scholarship, the Report is without recent parallel in

program, "Eye on Bankruptcy," with our partners at

our field, a credit to the hundreds who participated

Bloomberg Law.

and worthy of the leading professional association

Finally, in March 2015 we received a $7.5MM cy pres award as a result of nationwide litigation brought by

in the restructuring world. The Report has been

ABI’s leadership in information technology continued

the Department of Justice against a major mortgage

well received in our community and among

with the launch of a revamped website featuring

lender. The award will materially assist ABI’s research

prominent members of the judiciary. Congress has

new content and increased functionality, while new

and education efforts in consumer bankruptcy and

also taken note, and we look forward to furthering

interactive conference apps are a standard feature

is a strong statement of the credibility and respect

the understanding about the Report in the months

for multi-day programs. A new website devoted to

earned through years of work. ABI members can take

ahead, appreciating that bankruptcy law reform is a

comprehensive treatment of the financial situation in

pride in this and other progress we continue to share.

marathon journey.

Puerto Rico made its debut in August.

NOVEMBER MONDAY

TUESDAY

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16 Delaware Views from the Bench Hotel du Pont Wilmington, DE

WEDNESDAY

4 Steven W. Rhodes Detroit Consumer Bankruptcy Conference Somerset Inn Troy, MI Veterans Day

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THURSDAY

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ABI Endowment Benefit Wine Dinner Domaine Hudson Wilmington, DE

SUNDAY

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ABI Corporate Restructuring Competition The Wharton School Philadelphia, PA

Thanksgiving

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31 ABI Complex Financial Restructuring Program The Wharton School Philadelphia, PA

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2015 Remarks from ABI President James Patrick Shea.

From Jim Shea’s induction speech at the 2015

He said, and I wrote this down, “It’s a testament to the

up each of us to decide what to do with that gift. My

Annual Spring Meeting:

self-confidence the ABI holds as an organization. It’s

hope, my suggestion, is that you use the time afforded

their way of saying, we don’t think that even you can

you to get involved in activities that you’ll likely not

get this train to jump its tracks. It’s almost like a dare.”

have time for in the next few years. If you do, I hope

When I first learned that I had been selected as your next ABI President, I called my friend, Jim Markus,

that you experience even half of the rewards that have

himself a former ABI President. Jim is one of the

While some people may have considered that to be a

fallen my way. We have embarked upon some very

most positive and upbeat people I’ve ever known.

personal challenge, I think he had a deeper message.

serious undertakings to help our profession and our

He’s always made bad news palatable, okay news

country. We have both the room and desire for you to

great, and I was curious to see what heights he could

It was his way of saying that I am taking the gavel at

reach when starting with some pretty great news. And

the point in time when this organization is at its best.

naturally, I assumed that he’d amplify this great news

And I know that to be true. The reason I know it to be

to something that would really make my head swell.

true is that over the 25 years that I’ve been involved

And he did … sort of.

in the ABI, I have seen the organization get better, get stronger, year over year. Next year, Jeff Pomerantz will

James Patrick Shea ABI President Armstrong Teasdale LLP Las Vegas, NV

He said, “Your selection is a powerful statement.”

take the gavel when it’s better yet (unless, of course, I am able to get this train to jump its tracks).

“Thank you, I know,” I replied. Then, wanting a little more from him, I violated the first rule they teach us

The ABI has helped me find professional happiness,

in law school and asked a question to which I didn’t

and I know it will afford the same to you if you suit up,

have the answer. I heard myself asking, “What do you

show up, and choose to get involved. The lull in our

mean, exactly?”

industry has afforded us with a gift. The gift of time. It’s

join us in seeing these endeavors come to fruition.

DECEMBER MONDAY

TUESDAY

WEDNESDAY

THURSDAY

FRIDAY

Winter Leadership Conference Arizona Biltmore Resort and Spa Phoenix, AZ

SATURDAY

SUNDAY ABI/SJUSL Mediation Training Symposium St. John’s Manhattan Campus New York, NY

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ABI/SJUSL Mediation Training Symposium St. John’s Manhattan Campus New York, NY First Day of Hanukkah Last Day of Hanukkah

First Day of Winter

Christmas Day

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Financial performance: Solid and Sound. accepted accounting principles. The auditors found no matters involving internal controls and

ASSETS

December 31, 2014

December 31, 2013

$90,178

$599,122

12,624,673

11,885,726

operations that were considered to be material weaknesses. Additionally, members of the

Cash and cash equivalents

CLA audit team commented that the financial

Investments

position of the ABI was very healthy and its assets

Accounts receivable, net

139,300

143,486

were very liquid, primarily being cash and cash

Prepaid and other assets

388,846

433,430

Pledges receivable, net

126,060

80,605

Property and equipment, net

305,132

400,113

equivalents. The auditors noted the efficiency and cost-effectiveness of the ABI as measured by relevant operational and financial metrics in the realm of nonprofit organizations.

Deposits and other

136,195

109,372

Total Assets

$13,810,384

$13,651,854

$1,306,610

$1,396,716

John Tittle, Jr. ABI Treasurer Tittle Advisory Group, Inc. Irving, TX

As part of its prudent management and

Dear ABI Members:

General Operating Funds, General Reserve Funds

Accounts payable and accrued expenses

The American Bankruptcy Institute experienced

and the ABI Endowment Fund, and establishes

Deferred revenue

2,810,282

2,770,042

an increase in its net assets during 2014 of

and adheres to prudent guidelines for the

Total Liabilities

4,116,892

4,166,758

approximately $200,000. Net assets rose from

reserve levels of the two General Funds. These

NET ASSETS:

around $9.5 to nearly $9.7 million. Continuing

guidelines are based on industry standards and

its tradition of being a well-run and efficient

recommendations from outside financial advisors.

Unrestricted

organization, the ABI held cash and investments

The ABI Endowment Fund will continue to be kept

of $12.7 million as of December 2014 – an

in a segregated account, and any expenditures

increase of around $200,000 over 2014.

of the principal of the Endowment Fund will

In the annual audit of ABI by CliftonLarsonAllen

stewardship of investment dollars and other operating sums, ABI maintains three funds,

LIABILITIES AND NET ASSETS LIABILITIES:

5,363,645

5,394,811

Undesignated

4,057,549

3,735,552

Board designated endowment

9,421,194

9,130,363

272,298

354,733

9,693,492

9,485,096

13,810,384

13,651,854

*Temporarily restricted

continue to require a two-thirds majority vote by

Total net assets

the Board of Directors under the ABI bylaws.

Total Liabilities and Net Assets

LLP (CLA), an audit firm specializing in nonprofit organizations, ABI was issued an unqualified

Respectfully submitted,

“clean report” in conformity with generally

John Tittle, Jr. -- ABI Treasurer

*Includes $115,019 (2014) and $234,608 (2013) in funds designated for the CARE Program.

JANUARY MONDAY

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WEDNESDAY

THURSDAY

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New Year’s Day

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Rocky Mountain Bankruptcy Conference Four Seasons Hotel Denver Denver, CO

Martin Luther King, Jr. Day (US)

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FEBRUARY 2016

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Member engagement: By the numbers.

Average duration of ABI membership: 9.91 years

Membership presence in 36 countries worldwide.

Continued social networking growth.

Europe

Canada Mexico U.S. Virgin Islands Bermuda Barbados British Virgin Islands Cayman Islands Jamaica St Vincent and Grenadines

LinkedIn Company page: After

continue to increase as users echo

LinkedIn enabled added features,

ABI’s news and event updates.

users are now able to connect and interact with news and event posts,

Denmark Germany Greece South America Ireland Italy Brazil Netherlands Poland Sweden Switzerland Spain United Kingdom Channel Islands Cyprus Serbia and Montenegro Romania

North America

Twitter: Followers and engagement

Facebook: “Likes” and engagement Asia

China Hong Kong Japan Korea Thailand Israel Malaysia

(videos, charts, pictures, etc.).

LinkedIn Group page: Continues to grow as ABI’s largest social networking

Flickr: ABI continues to add to an

presence. The group page serves as a

ever-growing conference and event

forum for professionals to discuss top

photo image library, available to all

cases/issues on social media.

members.

Africa

Australia

Nigeria South Africa

Twitter

CURRENT ABI MEMBERSHIP BY GEOGRAPHIC REGION AS OF AUGUST 2015

Facebook

LinkedIn Company Page

LinkedIn Group Page

USERS IN THOUSANDS 6

2800 2400

5

2,659 2000

leading to greater engagement.

growth bolstered by visual collateral

2,401

4

1600 1200

3

1,724 1,510

1,535 2

800 1,130

621

400 420

0 CENTRAL STATES MID-ATLANTIC

MIDWEST

NORTHEAST

NORTHWEST

1 0

SOUTHEAST

SOUTHWEST INTERNATIONAL

2012

2013

2014

2015

FEBRUARY MONDAY

TUESDAY

WEDNESDAY

THURSDAY

FRIDAY

SATURDAY

SUNDAY

Caribbean Insolvency Symposium The Ritz-Carlton, San Juan San Juan, Puerto Rico

Groundhog Day

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Ash Wednesday

7 Valentine’s Day

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President’s Day (US)

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International ABI expands our global reach.

ABI’s international presence grew during the last 12 months. ABI held events in the Caribbean, Madrid and Beijing, as well as the Cross-Border Insolvency Symposium in New York. A redesigned globalinsolvency.com aggregated content from INSOL and other international insolvency organizations, and ABI also published an important new volume, Chapter 15 for Foreign Debtors. Fall 2015 saw the release of a new website devoted to the crisis in Puerto Rico, and Hon. Pedro Pierluisi, Puerto Rico’s resident

Hon. Pedro Pierluisi Puerto Rico’s resident commissioner

commissioner to the U.S. Congress, has been invited to give a presentation at the 2015 Winter Leadership Conference.

2015 Caribbean Insolvency Symposium

Cross-Border Insolvency Program

Beijing Insolvency & Restructuring Symposium

International Insolvency & Restructuring Symposium

Westin Grand Cayman Grand Cayman February 5-7, 2O15

Association of the Bar of the City of New York • New York June 18, 2O15

Ritz-Carlton Beijing Beijing, China October 19-20, 2015

Hotel Ritz Madrid Madrid, Spain October 23, 2015

MARCH MONDAY

TUESDAY

WEDNESDAY

1 Conrad B. Duberstein National Memorial Moot Court Competition Sheraton Times Square New York, NY

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THURSDAY

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SATURDAY

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VALCON 2016 Four Seasons Las Vegas Las Vegas, NV

FRIDAY

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4 Bankruptcy Battleground West Hyatt Regency Century Plaza Los Angeles, CA

SUNDAY

Conrad B. Duberstein National Memorial Moot Court Competition St John’s University School of Law New York, NY

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Daylight Savings Time Begins

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Judge Alexander L. Paskay Memorial Bankruptcy Seminar Sheraton Sand Key Resort Clearwater Beach, FL

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Byrne Judicial Clerkship Institute

20 Easter Sunday

Good Friday

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St. Patrick’s Day

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March TBD, 2016

Malibu, Calif.

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ABC observes strong demand for certified specialists.

The American Board of Certification (ABC) is

In the past, many expressed anxiety over the

the nation’s premier legal specialty certification

examination. ABI has just made available an

organization, certifying attorneys as specialists

ABC Exam Prep Course designed specifically

in business bankruptcy, consumer bankruptcy

to assist certification applicants with exam

and creditors’ rights law. The ABC serves the

study. The course is available to ABI members

public interest by allowing potential clients

for $295 at www.abi.org/abcprep. For further

to make an informed decision in selecting

information, contact the American Board of

bankruptcy and creditors’ rights counsel.

Certification toll-free at (877) 365-2221.

ABC certification encourages attorneys to strive toward excellence and recognizes those attorneys who have met ABC’s rigorous standards. ABC is sponsored by ABI and the Commercial Law League of America (CLLA), and all three ABC certification programs are accredited by the American Bar Association and many states. ABC certification is available to all qualified attorneys, without regard to membership in ABI or CLLA. ABC continues to see strong demand for certified specialists from the public. ABC’s website, www.abcworld.org, is continuously updated and improved; the most recent changes make it easier for attorneys to complete applications for certification (and recertification).

2015 American Board of Certification Leadership • Candace C. Carlyon, Chair Carlyon Law Group, PLLC Las Vegas, Nevada • Michael P. Horan, President Trenam St. Petersburg, Florida • Walter J. Greenhalgh, President-Elect Duane Morris LLP Newark, New Jersey • Craig M. Geno, Treasurer Law Offices of Craig M. Geno, PLLC Ridgeland, Mississippi • J. Scott Bovitz, Secretary Bovitz & Spitzer Los Angeles, California

2O15•2O16 Exam Schedule

ABC Exams are held in conjunction with several ABI conferences. 2015-16 exam dates are as follows: Date

City

Event/Location

12/3/15

Phoenix, AZ

ABI 27th Annual Winter Leadership Conference Arizona Biltmore

4/14/16

Washington, DC

ABI 34th Annual Spring Meeting JW Marriott

6/16/16

Lake Geneva, WI

ABI 23rd Annual Central States Bankruptcy Workshop Grand Geneva Resort & Spa

7/14/16

Bretton Woods, NH

ABI 23rd Annual Northeast Bankruptcy Conference Omni Mt. Washington Resort

7/21/16

Amelia Island, FL

ABI 21th Annual Southeast Bankruptcy Workshop The Ritz-Carlton, Amelia Island

8/4/16

Cambridge, MD

ABI 12th Annual Mid-Atlantic Bankruptcy Workshop Hyatt Regency Chesapeake Bay

9/8/16

Las Vegas, NV

ABI 24th Annual Southwest Bankruptcy Conference Four Seasons Las Vegas

12/1/16

Rancho Palos Verdes, CA

ABI 28th Annual Winter Leadership Conference Terranea Resort

ABC Fact:

ABC has more than 800 certified members nationwide and in Puerto Rico, including 29 bankruptcy judges.

APRIL MONDAY

TUESDAY

WEDNESDAY

THURSDAY

FRIDAY

SATURDAY

SUNDAY

April Fools’ Day

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Passover Begins Earth Day

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Passover Ends

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ABI Bookstore: Simply the best bankruptcy books in the business.

ABI continues to publish timely and informative titles on a variety of topics, offering them to members at discounted pricing at abi.org/bookstore. Some titles from 2015 include:

Over 20%

According to a recent Pew E-book Survey, digital reading has gone viral in the United States, with one in five Americans purchasing an e-book last year. Starting this fall, most ABI titles will be available to purchase in digital form at abi.org/bookstore.

There are also newly revised editions of some of our most popular books. Some recent examples:

Upcoming titles include Financial Expert Testimony, Individual Chapter 11 and How Secure Are We?

Source Malcolm Jones - The Daily Beast

MAY MONDAY

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SATURDAY

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1 Credit & Bankruptcy Symposium Foxwoods Resort Casino Mashantucket, CT

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Mother’s Day

New York City Bankruptcy Conference New York Hilton New York

Litigation Skills Symposium Chicago-Kent College of Law Chicago, IL

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Memorial Day

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2016 Judge Steven Rhodes and the Detroit municipal bankruptcy.

“I felt it was critical to the legitimacy of my process [in presiding over the Detroit bankruptcy case] that I give the residents and citizens of the city an opportunity to be heard regarding the major issues of the case.”

—Hon. Judge Steven Rhodes/U.S. Bankruptcy Court E.D. Mich. (ret.)

Judge Steven Rhodes U.S. Bankruptcy Court Eastern District of Michigan

What do we mean when we

we got through eligibility, a

say, “The city needs help?”

very aggressive schedule for

What we mean, of course, is

confirmation. And, I should say,

that the residents of the city

commendably, with the full

are suffering harm because

support of the city.

Excerpted from “A Conversation with Judge Rhodes” 2015 Annual Spring Meeting

the city can’t deliver adequate

….The smartest decision I made in the

9 cases around the country, it is the

municipal services. The police

....Every date I set, every

case was to appoint my chief district

extensive use of mediation. It’s critical

take an hour to get there, the

deadline I set was for the

judge, Gerald Rosen, as the chief

in municipal cases — critical — to

fire department is slow, EMS is

purpose of getting the case

mediator in the case.... I was looking

get the case in and out as quickly as

slow, the streetlights are out,

closed, getting to the end.

specifically for someone who had the

possible, and the way to do that is with

There’s blight everywhere,

What decision would get the

commitment to the city, the standing,

effective mediation.

so day in and day out, the

case closed — consistent with

the weight of office, the drive, the

people of the city have to live

due process, right?.... The

motivation to carry this case through

with this and suffer with it. So

exceptions [came] when my

the long haul. I told Judge Rosen, when

it was clear to me from the

mediators would ask me to put

I asked him to consider this, that his

beginning that it was important

the brakes on in the case to

deliverable to me was a confirmable

to get through this bankruptcy

facilitate a settlement; I would

plan of adjustment.... and he did that....

process as promptly as possible

accommodate that because,

I consider it not only a success — a

and to set the city on a course

in my view, settlements in the

miracle! Every group of creditors that

of revitalizing its services as

case were in the city’s best

he and his team mediated with, settled.

promptly as it could. I set a

interest. They would expedite

.... If there’s one aspect of the case

very aggressive schedule for

the conclusion of the case.

that can be poured into other chapter

eligibility and then, when

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Central States Bankruptcy Workshop Grand Geneva Resort & Spa Lake Geneva, WI

Flag Day

Father’s Day

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Summer Begins

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2016 A quick look at some of the names and faces from 2015 events.

More than 7,500 members attended ABI conferences, workshops, online programs and endowment

events in 2015. Here are a few of the images from the past year. ABI is the most prominent and respected

CLE provider in the bankruptcy world, with many opportunities for education and business development.

Jennifer Dugas/Conference Director

Photo Captions 1) Philadelphia Flyer greats Dave Schultz (standing at center) and Bernie Parent (r) joined a boisterous group of Endowment supporters in the Gavin/Solmonese suite at the Wells Fargo Center in Philadelphia in January.

2) The intricacies of distress valuation were debated during a break at VALCON in February.

3) Judy Thompson is recognized by ABI President Jim Shea as one of the founders of the Southeast Bankruptcy Workshop at its 20th anniversary celebration.

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4) Music legend Lou Gramm rocked the tunes of Foreigner at the Annual Spring Meeting.

5) Outgoing ABI President Brian Shaw (l) shared a laugh with new President Jim Shea at ASM. 6) Mid-Atlantic Bankruptcy Workshop attendees networked with judges in the Hershey Hotel ballroom.

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7) Young litigators honed their craft during the Litigation Skills Program in Chicago.

8) Great Debate advocates were separated by Judge Caryl Delano at the Paskay seminar.

9) Seafood delicacies were a big hit at the Northeast Bankruptcy Conference on Cape Cod. 10) Fran Cosmo, former lead singer for Boston, rocked the final night dinner at the Winter Leadership Conference in La Quinta.

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11) WLC attendees enjoyed the annual women’s networking reception.

12) The golf tournament at the Winter Leadership Conference was the last stop on the 2014 Tour, won by Mike Wyse from Donlin Recano, Inc. 13) Do you own the rare Jim Shea bobblehead?

14) An honorable assemblage of judges at January’s Rocky Mountain Bankruptcy Conference.

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15) The WLC women’s networking reception offered an opportunity to socialize.

16) Proud Mediation Program graduates pose at the conclusion of their 40-hour training.

17) The ABI Conference Center hosted a number of onsite presentations, including this Judges Roundtable in August.

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The ABI Commission proposes to modernize chapter 11.

In assembling those who would serve as Commissioners and as members of the topical advisory committees, special attention was paid to the fact that although large cases capture headlines, the overwhelming number of business bankruptcies are by small and medium-sized enterprises. Professionals with unique experiences in these kinds of cases lent their special expertise to the Commission process.

From the introduction to the Commission Report

The Commission adopted a holistic

provisions that will better balance

The study focused exclusively on the

and inclusive approach to its study

the goals of effectuating the

resolution of financially distressed

and was guided by its mission

effective reorganization of business

businesses under chapter 11 of the

statement, which reads:

debtors — with the attendant

Bankruptcy Code. This Report explains

In light of the expansion of the use

preservation and expansion of

the components of the Commission’s

of secured credit, the growth of

jobs — and the maximization and

study process, summarizes the

distressed-debt markets and other

realization of asset values for all

results of the study, and presents

externalities that have affected

creditors and stakeholder.

the Commission’s resulting

the effectiveness of the current

recommendations for reform in a

Bankruptcy Code, the Commission

In furtherance of its mission

will study and propose reforms to

statement, the Commission undertook by issue and sequence in the chapter 11 process. an in-depth three-year study process.

Chapter 11 and related statutory

series of principles organized generally

By the Numbers

• Three years in the making • Almost 300 experts from law, finance, academia and the judiciary, including international members, participated.

• 17 public field hearings gathering thousands of hours of testimony around the country • 22 Commissioners, made up of the leading commercial experts in the U.S. • Thousands of pages of public records and empirical research • Final Report 428 pages 1,255 footnotes 241 discrete recommendations

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Independence Day

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AUGUST 2016

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2016 New web experience to benefit members and the public.

Members who visit our site at abi.org come away amazed at the quantity and quality of content available.

These materials are only available from ABI, and it’s all free to ABI members! I invite all our members to take a look at the new site, update their profile, and see how all this can help them grow and be more effective at what they do.

Karim Guirguis/Chief Information Officer

ABI rolled out a redesigned website at the beginning of

ABI’s powerful and proprietary search tool — accessible

2015. The new site includes a number of features that allow

on every page in the site — remains one of the most useful

members to highlight their own bankruptcy experience,

benefits of membership. Keyword searches unlock robust

connect more easily with other members in related

content in thousands of ABI sources — Journal articles,

practice areas, and gather relevant and comprehensive

conference sessions, committee newsletters, Volo posts

information more rapidly than ever.

and more — and instantly delivers results to your screen.

The search tool has also been refined to allow members

The revamped membership profile allows members to

to customize their results by date, circuit source and

upload a profile photo — making it easier to recognize

much more.

and connect with others at ABI conferences and social events — as well as provide updated biographical and

ABI is also pleased and proud to offer many new customer

practice information. The site includes the ability to sign up

service features as part of the website. Visitors can search

for one of ABI’s 18 member committees, providing access

for answers to the most commonly asked member

to discussions and newsletters. Getting involved with a

questions in an online knowledge base, submit a question

committee remains the best way for members to stay up

by email or, during business hours, even chat directly with

to date on the bankruptcy news and information that they

an ABI staff member.

need most in their daily work.

In September 2015, ABI unveiled a special page in its online newsroom devoted to up-to-the-minute news and information about the unfolding debt crisis in Puerto Rico, modeled after our Detroit page created in 2013.

AUGUST MONDAY

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Mid-Atlantic Bankruptcy Workshop Hyatt Regency Chesapeake Bay Cambridge, MD

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Meet Anna Flores, CARE’s new executive director.

We are delighted that Anna will be heading up CARE. She’s an experienced leader in the financial literacy space with an extensive network of contacts in both the for-profit and nonprofit sectors.

Anna is the perfect fit to take CARE to new heights.

Samuel J. Gerdano/ABI Executive Directo

Anna Flores Executive Director Credit Abuse Resistance Education Alexandria, VA

ABI is pleased to announce Anna Flores as the new

organizations, government agencies and industry

Courier-Journal and ABI Journal. Charles, who is also the

executive director of the Credit Abuse Resistance

representatives. In addition, she served as director

son of C.R. “Chip” Bowles (Bingham Greenebaum Doll

Education (CARE) Program. With more than 25

of the Office of Consumer Affairs for the District

LLP; Louisville, Ky.), reports to Anna Flores.

years of experience in financial literacy, community

of Columbia Public Services Commission and as

engagement and consumer advocacy, she will

executive director of the National Association of

enhance CARE’s mission and initiatives to educate

Consumer Agency Administrators. Anna received

high school and college students on the responsible

her B.A. in communication from Canisius College in

use of credit and other fundamentals of financial

1984. She was selected after a nationwide search by

literacy. The CARE program, founded in 2002 by now-

Koya Leadership Partners, an executive recruiting

retired Bankruptcy Judge John C. Ninfo II (W.D.N.Y.),

firm. Selection committee members from the CARE

currently has a presence in all 50 states and the District

program board included Hon. Dennis R. Dow

of Columbia. Anna began her new role on July 13.

(U.S. Bankruptcy Court (W.D. Mo.); Kansas City), Allen J. Guon (Shaw Fishman Glantz & Towbin LLC;

Prior to joining the CARE program, Anna was the

Chicago), Edward M. King (Frost Brown Todd LLC;

executive director of the Veterans Assistance for

Louisville, Ky.) and Lynn Lewis Tavenner (Tavenner

Learning, Opportunity and Readiness (VALOR),

& Beran, PLC; Richmond, Va.).

where she provided consulting services including strategic planning, fundraising, brand awareness

ABI/CARE Intern Charles Bowles has been hired into

and partnership development for the organization,

the newly created position of CARE Staff Assistant.

which worked to ensure financial independence for

He earned his B.A. in communication (journalism/

America’s veterans and service members. She also

media studies) and American studies from Saint Louis

was the vice president of consumer and community

University in May 2014. Charles previously assisted in

affairs for American Express for 15 years, where she

the administration of the CARE Greater Washington

established long-term relationships with consumer

chapter. He is also an avid writer who has contributed

advocacy organizations, community-based

articles to The New York Times, SB Nation, Louisville

70%

CARE FACT: 70% of U.S. graduate students graduate with debt that will take years to correct.

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Southwest Bankruptcy Conference Four Seasons Las Vegas Las Vegas, NV

Labor Day

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Fall Begins

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42nd Annual Lawrence P. King and Charles Seligson Workshop on Bankruptcy & Business Reorganization Sept. TBD, 2016

New York

New “Eye on Bankruptcy” online CLE program.

Bloomberg Law and ABI designed Eye on Bankruptcy to provide a service for bankruptcy professionals not available elsewhere. In these monthly CLE programs we provide what no one else does: we tell you about important decisions handed down in the previous four weeks. If you watch us every month, by the end of the year you’ll have 12 hours of CLE credit and broader coverage of the year’s leading opinions.

ABI and Bloomberg Law have teamed up to

professionals. The broadcast-quality show airs

produce a monthly video news show, “Eye

on the last Thursday of each month at 1 p.m. ET,

on Bankruptcy,” featuring the very latest

and several thousand viewers have enjoyed the

case developments covered in the Bloomberg

shows since the series’s launch earlier this year.

Brief. The focus is on cases from the appeals

The new website (eyeonbankruptcy.com) provides

courts, including the U.S. Supreme Court, which

links to several hours of past programs. The show

this year has provided much to discuss. Top

becomes subscriber-based in fall 2015; details are

practitioners, judges and scholars are interviewed

on the website.

for an in-depth look at what the cases mean for

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Columbus Day

ABI Program at NCBJ Marriott Marquis San Francisco

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Halloween

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PERSONAL NOTES: Views from the Bench, 2016

Oct. TBD, 2016

Washington, D.C.

Seventh Circuit Consumer Bankruptcy Conference

Oct. TBD, 2016

Chicago

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ABI/UMKC Midwestern Bankruptcy Institute

Oct. TBD, 2016

Kansas City, Mo.

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International Insolvency & Restructuring Symposium

Oct. TBD, 2016

TBD

Mid-Level Professional Development Program

Oct. TBD, 2016

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Committees: Still the best way to demonstrated leadership and get involved.

Leading by example ABI has 18 active committees, each focused on a specific area of insolvency. Committees are active year-round and foster collaboration with other bankruptcy practitioners from around the country. Committee participation is one of the most effective ways to build and establish relationships with other members and a valuable way to demonstrate your leadership within the bankruptcy community.

Asset Sales

Commercial Fraud

Health Care

Mediation

Unsecured Trade Creditors

Tactical Financial Consulting, LLC • Atlanta franklindlea@tacticalfinancialconsulting.com

CliftonLarsonAllen LLP • Arlington, Va. marion.hecht@claconnect.com

Porzio, Bromberg & Newman, PC • Morristown, N.J. wjmartin@pbnlaw.com

Shaw Fishman Glantz & Towbin LLC • Chicago rfishman@shawfishman.com

Jaffe Raitt Heuer & Weiss • Southfield, Mich. phage@jaffelaw.com

Franklind D. Lea

Marion Hecht

Warren J. Martin, Jr.

Robert M. Fishman

Paul R. Hage

Bradley D. Sharp

Kathy Bazoian Phelps

Felicia Gerber Perlman

Richard E. Mikels

Brent I. Weisenberg

Bankruptcy Litigation

Consumer Bankruptcy

International

Real Estate

Young & New Members

McCalla Raymer, LLC • Panama City, Fla. schandler@mccallaraymer.com

Office of the Trustee • Cincinnati mburks@cinn13.org

Souto, Correa, Cesa, Lummertz & Amaral Advogados Porto Alegre, Brazil gilberto.correa@soutocorrea.com.br

Carney Law Firm, P.A. • Tampa, Fla. ncarney@carneylawfirm.com

Saul Ewing LLP • Philadelphia mdisabatino@saul.com

Development Specialists, Inc. • Los Angeles bsharp@dsi.biz

B. Summer Chandler

Neil Steinkamp

Stout Risius Ross, Inc. • New York nsteinkamp@srr.com

Diamond McCarthy LLP • Los Angeles kphelps@diamondmccarthy.com

Margaret A. Burks

Caralyce M. Lassner

Caralyce M. Lassner, JD, PC • Utica, Mich. caralyce@lassnerlaw.com

Bankruptcy Taxation

Ethics and Professional Compensation

Reid Collins & Tsai LLP • Dallas emadden@rctlegal.com

Stroock & Stroock & Lavan LLP • New York kpasquale@stroock.com

Eric D. Madden

Jeffrey M. Sklarz

Green & Sklarz LLC • New Haven, Conn. jsklarz@gs-lawfirm.com

Kenneth Pasquale

John W. Weiss

Alston & Bird LLP • New York john.weiss@alston.com

Business Reorganization

Financial Advisors and Investment Banking

Finn Dixon & Herling LLP • Stamford, Conn. hbaer@fdh.com

Ernst & Young LLP • Los Angeles nicole.horton@ey.com

Henry P. Baer, Jr.

Steven C. Krause

Owl Creek Asset Management, L.P. • New York stevek@owlcreeklp.com

Nicole Horton

James A. Peko

Grant Thornton LLP • New York jim.peko@us.gt.com

Skadden, Arps, Slate, Meagher & Flom LLP • Chicago fperlman@skadden.com

Gilberto Deon Corrêa, Jr.

Christopher R. Mirick

Pillsbury Winthrop Shaw Pittman LLP • New York christopher.mirick@pillsburylaw.com

Labor and Employment

Mark A. Bogdanowicz

Howard & Howard Attorneys, PLLC • Peoria, Ill. mbogdanowicz@howardandhoward.com

Bradford J. Sandler

Pachulski Stang Ziehl & Jones LLP • Wilmington, Del. bsandler@pszjlaw.com

Legislation

Dena Kessler

BakerHostetler • Washington, D.C. dkessler@bakerlaw.com

Jon Jay Lieberman

Weltman Weinberg & Reis Co., LPA • Cincinnati jlieberman@weltman.com

Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC • Boston rmikels@mintz.com

Nathan A. Carney

Patrick A. Clisham Engelman Berger, PC • Phoenix pac@eblawyers.com

Secured Credit

Bryan R. Kaplan

Paul Hastings LLP • New York bryankaplan@paulhastings.com

Joshua John Lewis

Parker, Hudson, Rainer & Dobbs LLP • Atlanta jjl@phrd.com

Technology and Intellectual Property John T. Farnum

Linowes & Blocher LLP • Bethesda, Md. jfarnum@linowes-law.com

John G. Loughnane

Nutter, McClennen & Fish, LLP • Boston jloughnane@nutter.com

Ballard Spahr LLP • New York weisenbergb@ballardspahr.com

Monique Bair DiSabatino

Brendan L. McPherson Polsinelli • Kansas City, Mo. bmcpherson@polsinelli.com

NOVEMBER MONDAY

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SUNDAY Daylight Savings Time Ends

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Thanksgiving

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Complex Financial Restructuring Program

Nov. TBD, 2016

Philadelphia

Corporate Restructuring Competition

Nov. TBD, 2016

Philadelphia

Steven W. Rhodes Detroit Consumer Bankruptcy Conference

Nov. TBD, 2016

Detroit

2016 2015 American Bankruptcy Institute supporting partners.

ABI’s Partners provide vital support for programs throughout the year. Partners receive year-round

recognition at many conferences, events and online. Partner Packages are customized to fit the unique

marketing needs of our Partners. Contact me for information on how you can partner with ABI. Sharisa Sloan/Marketing Manager

Presidential Partners

Executive Partners

Capital Partners

ABI PARTNER

DECEMBER MONDAY

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WEDNESDAY

THURSDAY

FRIDAY

Winter Leadership Conference Terranea Resort Rancho Palos Verdes, CA

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ABI/St. John’s Forty-Hour Bankruptcy Mediation Training Dec. TBD, 2016

New York

levels of support More than $2 million in grants and scholarships has been awarded.

The ABI Endowment Fund was created in 1989 to provide resources for research and education to the bankruptcy community and was renamed in 2009 to honor the late

Millennium Level 30th Anniversary Circle Century Council Member Visionary Member Legacy Member Lifetime Member* Benefactor Sustaining Member Leadership Club Donor

$50,000 + $30,000 - $49,999 $25,000 - $29,999 $20,000 - $24,999 $15,000 - $19,999 $10,000 - $14,999 $5,000 - $9,999 $2,000 - $4,999 $1,000 - $1,999 $100 - $999

* Lifetime members and above receive a complimentary annual membership upon completed payment of their pledge.

Anthony H.N. Schnelling Endowment Fund Donors Honored at ABI Meetings

Tony Schnelling. Your gift or pledge allows ABI to meet new requests for funding, which may include studies relating to bankruptcy or insolvency; surveys or other analytical investigation; the education of judges, court personnel, other governmental personnel and the general public; or scholarships and other educational grants.

Current major and recently completed projects include

Anthony H.N. Schnelling (1947-2009) Founder and CEO Bridge Associates LLC

support for the Commission to Study the Reform of Chapter 11, the Ethics Task Force, a study of indiviual chapter 11 best practices, and an empirical study of post-BAPCPA distributions to unsecured creditors.

New in 2014 is the Endowment’s Amazon Wish List (go.abi.org/giveauction), which features items that can be purchased for the silent auctions that the Endowment holds each year at several ABI conferences.

Contributions may be paid in equal installments for up to five years. All gifts are cumulative to allow donors to advance their level of contribution. All contributions are tax-deductible. The ABI Endowment is a 501(c)(3) tax-exempt organization.

Above, ABI Vice President-Development Ted Gavin (Gavin/Solmonese LLC; Wilmington, Del.) (r) presented awards to major Endowment donors (from left) Michael DuFrayne (Executive Sounding Board Associates LLC; Philadelphia), Jeffrey N. Pomerantz (Pachulski Stang Ziehl & Jones LLP; Los Angeles), Robert D. Katz (Executive Sounding Board Associates LLC; Philadelphia) and Rita Kostopoulos (Kostopoulos & Associates PLLC; Warren, Mich.).

Endowments & Grants Major Contributors

Unique ways to contribute Networking Events Auto Debit

Amazon Wish List Donate Remnant Funds

Silent Auctions Stock Transfers

Millennium Level

Century Council Members

Legacy Members

New Benefactors

• Bayard, P.A. • Boleman Law Firm, PC • Conseco Liquidating Trust • Speigel Creditor Liquidating Trust • Global Aviation Holdings, Inc.

• AlixPartners LLP

• Ballard Spahr LLP

• Gerard DiConza

Contributions of $50,000 and above

Contributions of $25,000 - $29,999

Contributions of $15,000 - $19,999

• Scott L. Baena

Tobey M. Daluz, Carl A. Eklund and Vincent J. Marriott III

• William A. Brandt, Jr.

Alane A. Becket

Jay Alix

Contributions of $5,000 - $9,999 DiConza Traurig Kadish LLP • Ryan G. Foley

• Becket & Lee, LLP

AIG Property Casualty Law Department

Development Specialists, Inc.

• Richard P. Carmody

Executive Sounding Board Associates LLC

Contributions of $30,000 - $49,999

Anthony H. Schnelling and Carl H. Young, III

• Jerry M. Markowitz

• Kostopoulos & Associates PLLC • Jeffrey N. Pomerantz • Damian S. Schaible

• Robert N. Dangremond

• L. E. Creel, III

• The Hilco Organization

• Stephen Wheelis

• Ted Gavin

• Harry D. Dixon, Jr. • Keen-Summit Capital Partners

• Prof. Jack F. Williams

30th Anniversary Circle

March Brown LLC

Gavin/Solmonese LLC • Polsinelli

James E. Bird, Daniel J. Flanigan and Christopher Ward • Patricia A. Redmond

Stearns, Weaver, Miller, Weissler, Alhadeff & Sitterson, PA • Robert P. Reynolds

Reynolds, Reynolds & Little, LLC • John Tittle, Jr.

Tittle Advisory Group, Inc.

Bilzin Sumberg Baena Price & Axelrod, LLP • Bridge Associates LLC • John Wm. Butler, Jr.

Hilco Global

Wright Ginsberg Brusilow P.C.

Harold J. Bordwin and Matt Bordwin

• National Auctioneers Association • Visa USA, Inc. • Bettina M. Whyte

Visionary Members Contributions of $20,000 - $24,999 • Francis A. Monaco, Jr.

Adams and Reese LLP

• Robert D. Katz & Michael DuFrayne

Markowitz, Ringel, Trusty + Hartog, P.A.

Pachulski Stang Ziehl & Jones LLP

Benjamin L. Nortman and Richard L. Kaye

Davis Polk & Wardell LLP

Georgia State University/Mesirow Financial Consulting, LLC

Wheelis & Rozanski, APLC

New Lifetime Members Contributions of $10,000 - $14,999 • Samuel J. Gerdano

American Bankruptcy Institute • Donald A. Workman BakerHostetler

New Sustaining Members Contributions of $2,000 - $4,999 • Derek C. Abbott

Morris, Nichols, Arsht & Tunnell LLP • Mark E. Felger

Cozen O’Connor

• Robert D. Gordon

Womble Carlyle Sandridge & Rice, LLP

Clark Hill, PLC

Bryan Cave LLP

Mayer Brown LLP

• Mark G. Stingley

• Prof. Robert M. Zinman

• Monique J. Mulcare • Christopher A. Ward

Polsinelli

American Bankruptcy Institute 2015 • 2016 Board of Directors.* ABI Executive Committee Members

President James Patrick Shea Armstrong Teasdale LLP Las Vegas President-Elect Jeffrey N. Pomerantz Pachulski Stang Ziehl & Jones LLP Los Angeles, CA Vice President-Publications Alane A. Becket Becket & Lee, LLP Malvern, Pa.

Vice President-Development Edward T. Gavin Gavin/Solmonese LLC Wilmington, Del. Vice President-Education Douglas E. Deutsch Chadbourne & Parke LLP New York Vice President-Research Grants Prof. Nancy B. Rapoport William S. Boyd School of Law, UNLV Las Vegas

Vice President-International Affairs Ronald J. Silverman Hogan Lovells LLP New York Vice President-Communication & Information Technology Deborah L. Thorne Barnes & Thornburg LLP; Chicago Vice President-Membership R. Scott Williams Rumberger, Kirk & Caldwell, P.A. Birmingham, Ala.

Secretary Hon. Dennis R. Dow U.S. Bankruptcy Court (W.D. Mo.) Kansas City Treasurer John Tittle, Jr. Tittle Advisory Group, Inc. New York

At-Large Members

Hon. Barbara J. Houser Executive Committee At Large U.S. Bankruptcy Court (N.D. Tex.) Dallas

Douglas L. Lutz Executive Committee At Large Frost Brown Todd LLC Cincinnati

Damian S. Schaible Executive Committee At Large Davis Polk Wardwell LLP New York

Hon. Eugene R. Wedoff Executive Committee At Large U.S. Bankruptcy Court (N.D. Ill.) Chicago

ABI Board Members

Daniel F. Dooley MorrisAnderson Chicago Hon. Michael A. Fagone U.S. Bankruptcy Court (D. Me.) Portland Tinamarie Feil BMC Group New York Hon. Robert E. Gerber U.S. Bankruptcy Court (S.D.N.Y.) New York Jay M. Goffman Skadden, Arps, Slate, Meagher & Flom LLP New York Lisa Sommers Gretchko Howard & Howard Attorneys, PLLC Royal Oak, Mich.

Prof. Michelle M. Harner University of Maryland School of Law Baltimore Hon. Bruce A. Harwood U.S. Bankruptcy Court (D. N.H.) Manchester William H. Henrich Getzler Henrich & Associates LLC New York

Thomas Michael Horan Womble Carlyle Sandridge & Rice, LLP Wilmington, Del. Hon. Laurel Myerson Isicoff U.S. Bankruptcy Court (S.D. Fla.) Miami Eve H. Karasik Levene, Neale, Bender, Yoo & Brill Los Angeles Teresa C. Kohl SSG Capital Advisors, LLC New York David R. Kuney Whiteford Taylor Preston LLP Washington, D.C. Richard S. Lauter Freeborn & Peters LLP Chicago Franklind Davis Lea Tactical Financial Consulting, LLC Alpharetta, Ga. David P. Leibowitz Lakelaw Chicago Prof. Lois R. Lupica University of Maine School of Law Portland, Maine

Mark M. Maloney King & Spalding LLP Atlanta Jerry M. Markowitz Markowitz Ringel Trusty + Hartog P.A. Miami Lorenzo Mendizabal New York Thomas A. Morrow AlixPartners LLP Southfield, Mich.

Hon. C. Ray Mullins U.S. Bankruptcy Court (N.D. Ga.) Atlanta Nina M. Parker Parker & Associates Winchester, Mass.

Hon. Pamela Pepper U.S. District Court (E.D. Wis.) Milwaukee Nancy A. Peterman Greenberg Traurig LLP Chicago Robert P. Reynolds Reynolds, Reynolds & Little, LLC Tuscaloosa, Ala. Mitchell Ryan Donlin, Recano & Company, Inc. Orange, Calif.

Glenn E. Siegel Morgan, Lewis & Bockius LLP New York Kelly Beaudin Stapleton Alvarez & Marsal New York Mark G. Stingley Bryan Cave LLP Kansas City, Mo. Annerose Tashiro Schultze & Braun GmbH & Co. KG Achern, Germany Ralph S. Tuliano New York Risa Lynn Wolf-Smith Holland & Hart LLP Denver

Chairman Patricia A. Redmond Stearns, Weaver, Miller, Weissler, Alhadeff & Sitterson, PA; Miami Immediate Past President Brian L. Shaw Shaw Fishman Glantz & Towbin LLC Chicago

Derek C. Abbott Morris, Nichols, Arsht & Tunnell, LLP Wilmington, Del. Corinne Ball Jones Day New York Hon. Martin R. Barash U.S. Bankruptcy Court (C.D. Cal.) Los Angeles Lisa G. Beckerman Akin Gump Strauss Hauer & Feld LLP New York Michael L. Bernstein Arnold & Porter LLP Washington, D.C. Hon. Kevin J. Carey U.S. Bankruptcy Court (D. Del.) Wilmington Kathryn Coleman Hughes Hubbard & Reed LLP New York Paul H. Deutch Rust Omni New York Hon. Mary Grace Diehl U.S. Bankruptcy Court (N.D. Ga.) Atlanta

*Through April 2016.

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