The AI Revolution: Delivering Data-Based Legal Services

While some lawyers may be leery of or intimidated by artificial intelligence tools, a panel of experts has demystified the technology and described the ways in which it can expand the legal services market. Karim Guirguis and John Hartgen recap a recent American Bankruptcy Institute panel discussing the role of artificial intelligence in bankruptcy.

June Commercial Chapter 11 Filings Decrease 49% Y/Y

The American Bankruptcy Institute reported a total of 306 commercial Chapter 11 bankruptcies for the month of June 2018, a 49% decrease from the 601 commercial Chapter 11 filings in June 2017.

ABI: May Commercial Bankruptcies Decrease 23% Y/Y

Total U.S. commercial bankruptcy filings decreased 23% in May 2018 compared to May of last year, according to data provided by Epiq Systems to the American Bankruptcy Institute.

Gavin Elected President of ABI

Ted Gavin of Gavin/Solmonese was elected president of the American Bankruptcy Institute, succeeding retired Judge Eugene R. Wedofff, at the organization’s annual spring meeting.

ABI: Q1/18 Commercial Chapter 11 Filings Increase 22% Year/Year

The American Bankruptcy Institute reported total commercial Chapter 11 filings increased 22% from 1,280 in Q1/17 to 1,562 during the first three months of 2018.

February Chapter 11 Filings Increase 4% Year/Year

The American Bankruptcy Institute reported that there were 425 total commercial Chapter 11 filings in February 2018, representing an increase of 4% from February 2017’s total of 407.

ABI 2017 Chapter 11 Review: Large Company Filings Down, Retail & Oil Still Show Distress

Although a parade of Chapter 11 filings by major retailers grabbed the headlines in 2017, Samuel Gerdano and Ed Flynn of the American Bankruptcy Institute point out that, overall, large company filings were down compared to the previous two years. They predict 2018 will offer more of the same.

December Chapter 11 Filings Up Sharply; Full Year Up 6%

The American Bankruptcy Institute reported December Chapter 11 filings were 699, up 107% from the previous year. Calendar year 2017 Chapter 11 filings were 5,744, a 6% increase from 5,447 filings in 2016.

ABI ED Gerdano to Receive M&A Lifetime Achievement Award

ABI Executive Director Samuel J. Gerdano will receive the 2018 M&A Advisor Lifetime Achievement Award at the 12th Annual Turnaround Awards Gala on March 21, 2018.

September Commercial Chapter 11 Filings Up 16% over Last Year

The American Bankruptcy Institute said commercial Chapter 11 filings totaled 425 in September, a 16% increase over September 2016’s total of 365 filings.