Finance & Banking Committee

ABI Committee News

Committee Co-Chairs and New Leadership Positions Announced

ABI is pleased to announce your 2008-2009 co-chairs, as well as the addition of five new leadership positions. These new positions are a result of your feedback regarding opportunities for involvement and advancement in the association. 

Co-Chairs: Jeff J. Marwil
                Suzanne S. Yoon

Education Director: Stephen V. Falanga

Listserve Moderator: AVAILABLE

Membership Relations Director: AVAILABLE

Newsletter Editor: AVAILABLE

Special Projects/Task Force Leader: AVAILABLE

Click here for contact details for each position, in addition to position descriptions and instructions for expressing your interest in available positions.

 

Central States Bankruptcy Workshop Materials

The Central States Bankruptcy Workshop, held June 12-15, 2008, attracted nearly 400 insolvency professionals to beautiful Traverse City, Michigan.  The conference featured the “Jaunty Judicial Debates,” where leading judges squared off on the hot bankruptcy topics of the day.  It also featured the highly informative and entertaining ABI Presidents’ Panel and the popular Breakfast with a Judge - an opportunity to sit down and discuss insolvency law one-on-one with key decision makers from your district.

One of the Friday morning sessions, “Strategies in Negotiating Financing Orders: How Can David Beat Goliath?,” featured speakers Douglas C. Bernstein of Plunkett Cooney in Bloomfield Hills, MI, Scott A. Eisenberg of Amherst Partners LLC in Birmingham, MI, Hon. Steven W. Rhodes, Chief Judge, U.S. Bankruptcy Court, Eastern District of Michigan, and Robert A. Weisberg of Carson Fischer, PLC in Bloomfield Hills, MI.  The materials from the session include an article by Mr. Bernstein entitled “Financing Orders-At The End Of The Day, You Might Not Get What You Bargained For,” which discusses the challenges of negotiating with secured lenders for additional credit.  The article includes a summary of requirements for motions to obtain credit and proposed financing orders, as well as a discussion of the effectiveness of the intercreditor agreements and subordination provisions.

Financing Orders - At the End of the Day, You May Not Get What You Bargained For