The “Bankruptcy Administration Improvement Act of 2020” was signed into law on Wednesday. The act previously passed the Senate and the House of Representatives. Among its provisions, the bill reduces the amount of quarterly fees paid and simplifies the free structures in Chapter 11 cases.
The American Bankruptcy Institute promoted Karim Guirguis, PMP, CAE, to chief operating officer and Mary Kleppinger, SHRM-SCP, to chief people and culture officer.
The American Bankruptcy Institute revealed details for its Southeast virtual bankruptcy workshop, which will be held on July 24 and include 10 bankruptcy judges and bankruptcy professionals based in the Southeast U.S.
According to data from the American Bankruptcy Institute, 471 small businesses elected to file for bankruptcy relief under the new Subchapter V to Chapter 11 of the Bankruptcy Code since it was enacted.
While Chapter 11 filings in 2019 were about half of the peak reached in 2005, there were significant filings by iconic companies. The American Bankruptcy Institute monitors the bankruptcy landscape and lobbies to pass key legislation, like the Small Business Reorganization Act of 2019. Amy Quackenboss and Ed Flynn provide an overview of significant bankruptcy actions in 2019 and look ahead to 2020.
As a new decade dawns, a changing of the guard brings new leadership to the American Bankruptcy Institute. Longtime deputy director Amy Quackenboss has taken the reins upon the retirement of Sam Gerdano.
The American Bankruptcy Institute reported total commercial Chapter 11 filings in January 2020 increased 72% over the same period last year, according to data provided by Epiq Systems.
After declining for eight consecutive years, total bankruptcy filings during calendar year 2019 increased 0.28% from 2018, reported ABI, according to data provided by Epiq Systems.
The American Bankruptcy Institutes reported commercial Chapter 11 filings decreased 32% in November 2019 over November of last year, according to data provided by Epiq Systems.
The executive committee of the American Bankruptcy Institute’s (ABI) board of directors has selected ABI Deputy Executive Director Amy Alcoke Quackenboss to succeed Samuel J. Gerdano as ABI Executive Director.