According to data provided by Epiq Bankruptcy, a provider of U.S. bankruptcy filing data, there were 212 commercial Chapter 11 filings registered in July 2022, a decrease of 13% from the 245 filings in July 2021.
The American Bankruptcy Institute’s asset sales committee named Keen-Summit Capital Partners the winner of the asset sale of the year award for its sale of the 6,400-acre Big Horn ranch in the Chapter 11 proceeding of Lighthouse Resources.
The American Bankruptcy Institute’s board of directors selected the Hon. Kevin J. Carey (ret.) of Hogan Lovells to be president for a one-year term.
The American Bankruptcy Institute applauded the U.S. Senate’s passage of the amended Bankruptcy Threshold Adjustment and Technical Corrections Act. The legislative substitute will raise the debt limit back to $7.5 million for small businesses electing to file for bankruptcy under subchapter V of Chapter 11.
The ABI applauded the introduction of S. 3823, the Bankruptcy Threshold Adjustment and Technical Corrections Act, which would permanently set the debt limit at $7.5 million for small businesses electing to file for bankruptcy under subchapter V of Chapter 11.
Leslie A. Berkoff, a partner and chair of the dispute resolution practice group at Moritt Hock & Hamroff, was appointed to the American Arbitration Association (AAA) – International Centre for Dispute Resolution (ICDR) Council and to the AAA-ICDR International Panel.
The American Bankruptcy Institute added Barbara Grant Bereskin and Katie Esser to the team supporting its partner program. Grant Bereskin joined the team as director of business development and partner programs and Esser joined as business development coordinator.
The American Bankruptcy Institute named Eve H. Karasik of Levene Neale Bender Yoo & Brill in Los Angeles to serve a two-year term as the organization’s first vice president of diversity and inclusion.
Robert P. Reynolds was elected president of the American Bankruptcy Institute. In addition, Hon. Kevin J. Carey of Hogan Lovells was named president-elect and Eve H. Karasik was elected to serve as the ABI’s first vice president of diversity and inclusion.
On Saturday, President Joe Biden signed the COVID-19 Bankruptcy Relief Extension Act. The legislation will extend personal and small business bankruptcy relief provisions that were part of last year’s CARES Act through March 27, 2022.