Bankruptcy Reform Commission Announces Advisory Committee Members, Fall Hearing Schedule
Alexandria, Va. — The American Bankruptcy Institute's (ABI) Commission to Study the Reform of Chapter 11 has released the names of nearly 130 corporate restructuring experts who have agreed to serve on one of 13 advisory committees to examine discrete current chapter 11 bankruptcy issues. The committee members come from diverse backgrounds of law, finance and the judiciary. The 13 topical advisory committees include:
· Administrative Claims, Critical Vendors and Other Pressures on Liquidity
· Avoiding Powers
· Bankruptcy Remote Entities, Bankruptcy-Proofing and Public Policy
· Distributional Issues under Plans
· Executory Contracts and Leases
· Financial Contracts, Derivatives and Safe Harbors
· Financing Chapter 11
· Governance and Supervision of Chapter 11 Cases and Companies
· Labor and Benefits Issues
· Multiple Enterprise Cases/Issues
· Plan Issues: Procedure and Structure
· Role of Valuation in Chapter 11 Cases
· Sales of Substantially all of the Debtor's Assets, Including Going-Concern Sales
To view the members of each advisory committee, please visit:
Additionally, the Commission has announced a schedule of its fall public hearings at major insolvency conferences, where interested members of the restructuring community can appear and provide testimony to the Commission or to one or more of the advisory committees. Hearings will be held at the National Conference of Bankruptcy Judges annual meeting on October 26, the Turnaround Management Association annual convention on November 3 and the Commercial Finance Association annual meeting on November 15. Other public hearing dates will be announced.
The purpose of ABI’s Commission to Study the Reform of Chapter 11 will be to propose fixes to the Bankruptcy Code that will better balance the goals of effectuating the effective reorganization of business debtors—with the attendant preservation and expansion of jobs—and the maximization and realization of asset values for all creditors and stakeholders. The work of the Commission is expected to take two years.
ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes more than 13,000 attorneys, accountants, bankers, judges, professors, lenders, turnaround specialists and other bankruptcy professionals, providing a forum for the exchange of ideas and information. For additional conference information, visit http://www.abiworld.org/conferences.html.