Contact: John Hartgen
(703) 739-0800
jhartgen@abiworld.org
OVERSECURED
CREDITORS SHOULD BE ABLE TO RECOVER ATTORNEYS’ FEES, ACCORDING TO
NEW ABI POLL
size='3'>September 15, 2006, Alexandria, Va.
size='3'>—The majority of respondents (62 percent) in a recent
American Bankruptcy Institute online poll disagreed that oversecured
creditors should not be able to recover attorneys’ fees.
Responding to the statement “Oversecured creditors may not recover attorneys’
fees,” 48 percent of participants
“disagreed strongly,” while 14 percent “somewhat
disagreed.”
Conversely, 31 percent agreed
that oversecured creditors should not be able to recover
attorneys’ fees. Twenty-three percent of respondents
“strongly agreed,” while 8 percent “agreed
somewhat” that oversecured creditors could not recover
attorneys’ fees. Seven percent of the respondents did not know or
had no opinion on the issue.
ABI members and members of the
public were welcome to participate in latest ABI Quick Poll that was
open for voting from Sept. 8-14.
ABI’s weekly Quick Poll
is posted on ABI’s home page,
href='/AM/Template.cfm?Section=Home'>
color='#800080' size='3'>www.abiworld.org. ABI members and the public are invited to respond
to a question on a timely bankruptcy or insolvency issue. Visit
size='3'>http://www.abiworld.net/quickpoll/ to access the results of previous ABI Quick
Polls.
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ABI is the largest
multi-disciplinary, nonpartisan organization dedicated to research and
education on matters related to insolvency. ABI was founded in 1982 to
provide Congress and the public with unbiased analysis of bankruptcy
issues. The ABI membership includes more than 11,500 attorneys,
accountants, bankers, judges, professors, lenders, turnaround
specialists and other bankruptcy professionals, providing a forum for
the exchange of ideas and information. For additional information on
ABI, visit www.abiworld.org. For additional conference information,
visit
face='Times New Roman' color='#0000ff'
size='3'>http://www.abiworld.org/conferences.html
face='Times New Roman' size='3'>.