American Bankruptcy Institute Update

July 5, 2005

In This Issue

Highlights

Legislation Update

Panel Clears Pension Bill

The House Education and the Workforce Committee adopted last week a comprehensive pension bill that would require companies to increase payments to their pension plans in an effort to prevent pension terminations, CongressDaily reported. Sponsors of the bill say raising insurance premiums companies must pay to the Pension Benefit Guaranty Corp. (PBGC) and forcing companies to better fund their pension plans will help ward off a taxpayer bailout of the PBGC. After adopting relatively few substantial changes to the bill, Republicans unanimously voted in favor of the bill, while all the panel's Democrats voted "present." The Senate has not yet started considering pension bills. Senate Health, Education, Labor and Pensions Chairman Michael Enzi (R-Wyo.) and Finance Chairman Charles Grassley (R-Iowa) are working on pension legislation, but neither has introduced a bill. Lawmakers have until the end of the year, when a temporary pension bill passed in 2003 expires, to act.

Register By July 15 to Attend ABI’s First Annual Mid Atlantic Bankruptcy Workshop and Save!

Make plans to attend ABI’s First Annual Mid Atlantic Bankruptcy Workshop, to be held August 4–6 at the Hyatt Regency Chesapeake Bay in Cambridge, Md. Register by Friday, July 15, and save $50 off the late registration rate. This workshop brings together the region’s preeminent insolvency professionals for three days of hands-on learning, offering up to 9 hours of continuing education credit. Topics this year include the latest on retention of professionals, asbestos cases after Combustion Engineering, planning bankruptcy cases, Section 363, receiverships and other alternatives, professional liability, understanding diverse options and selected ethical issues.

Plenty of networking opportunities are planned including a welcome reception, a crab feast dinner, golf, tennis, sailing, a sporting clays tournament and much more!

Register online today!

Consumer Listserve Discussions on Fees Available Online

A discussion on chapter 7 consumer fees under the new law is available online at ABI’s Consumer Committee listserve. To view the discussion or sign up to participate in future discussions, click here.

Tomorrow's ABI Webinar Will Address Consumer Bankruptcy Practice Under The New Law

Register for ABI’s Webinar series examining details of the new bankruptcy law. The second program on consumer bankruptcies will be held tomorrow, July 6, 2005, at 2 pm EDT, and will feature topics, such as lien avoidance, homestead rules changes, asset protection trusts, reaffirmation changes, redemption and ride-through, changes in plan length and repeat filing changes in chapter 13 practice. The faculty are: Prof. Jean Braucher of the University of Arizona College of Law (Tucson, Ariz.), Ford Elsaesser of Elsaesser, Jarzabek, Anderson, Marks, Elliot & McHugh Chtd. (Sandpoint, Idaho), Richardo Kilpatrick of Kilpatrick & Associates PC (Auburn Hills, Mich.), Timothy Moratzka of Mackall, Crounse & Moore PLC (Minneapolis) and Judge Eugene Wedoff
(Chicago).

There are a total of three programs devoted to the details of business practice under the new law as well as three consumer programs. The final session will be a judges’ roundtable. View the full teleseminar schedule of the 90-minute programs or register online. All registrants receive a copy of the new red-lined Code. The series is free to judges who are ABI members, and to clerks of ABI judge members. An online archive contains previously held programs that are available to view 24-7-365.

“Best of ABI” Archived Programs Now Available Online

The “Best of ABI” series brings the highest rated sessions from each ABI conference right to your office. The following archived programs are now available online, allowing you to choose the time and date on which you attend the session. CLE/CPE credit will be available in certain states.

"Judges’ Roundtable – The New Bankruptcy Law”

“Deepening Insolvency Issues” 

"Strategies for Prosecuting and Defending Preferences: 'Pouring Salt or Salve on the Wound'"

ABI World Tutorial Highlights Discussion Groups

Do You Know?

A new online tutorial, http://www.abiworld.org/abiworld/listserve.htm, focuses on ABI’s discussion groups. The tutorial features a visual demonstration of how to use the online discussion groups. This is the second in a series of tutorials that will highlight the many resources and services that are available at the ABI World web site.

Latest Job Postings at ABI Career Center

Check out the ABI Career Center. The Center is a one-stop site for job seekers and employers in the insolvency community. Career Center resources are available free to both employers and job seekers. New positions are featured daily. The latest listings include: