American Bankruptcy Institute Update

July 7, 2005

In This Issue

Highlights

Retail Sales Strong Last Month


Retailers reported strong monthly sales growth for June today, calming concerns that high energy prices slowed consumer spending, Reuters reported. "Consumers clearly shook off record-high oil and gas prices during June and flocked to the nation's retailers as consumer spending correlated nicely with significant gains in consumer confidence," said Ken Perkins, president of Retail Metrics. Overall, June sales at stores open at least a year rose 5.4 percent, ahead of expectations for a 4.8 percent increase, according to Swampscott, Mass.-based Retail Metrics. That was the biggest gain since a 6.7 percent increase in March 2004.

Sign Up for “Best of New York City Bankruptcy Conference 2005”

The “Best of ABI” series brings the highest rated sessions from each ABI conference right to your office in audioconference format. The Best of New York City Bankruptcy Conference 2005, “How Do You Put an Insolvent Chapter 11 Debtor to Rest? What Are Your Alternatives If You Cannot Confirm a 'Normal' Plan?” will be held on Wednesday, Aug. 31, 2005, at 1:00 p.m. ET. Speakers include Hon. Stuart M. Bernstein, Scott L. Hazan of Otterbourg, Steindler, Houston & Rosen PC, Andrew A. Kress of Kaye Scholer LLP, Deirdre A. Martini, U.S. Trustee for Region 2 and Joseph Samet of Baker & McKenzie LLP.

Register online today!

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 next 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!

ABI World Tutorial Highlights Search Engine

Do You Know?

A new online tutorial focuses on ABI’s search engine. The tutorial features a visual demonstration of how to use the online search engine and locate documents quickly and easily on a particular bankruptcy topic within the thousands of articles, reports, publications, court documents and many other sources available at the ABI World web site. This is the third in a series of tutorials that will highlight the many resources and services that are available at the ABI World web site.

New Opinion Posted Online

District of Arizona
In re: James A. Mulvihill - June 2005

New Article at Global Insolvency

New Brazil Bankruptcy Law Helps Recovery Prospect--S&P
http://www.globalinsolvency.com/insol/news.html

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: