Contact:
Hartgen
(703) 739-0800
color='#0000ff'>jhartgen@abiworld.org
NEW
BANKRUPTCY LAW CONTRIBUTING TO DECREASED CASELOADS ACCORDING TO LATEST
ABI POLL
size='3'>May 19, 2006, Alexandria, Va. —
Nearly two-thirds of the respondents (63 percent) to the most recent
American Bankruptcy Institute (ABI) online poll reported a decrease in
caseloads over the past six months due in part to the Bankruptcy Abuse
Prevention and Consumer Protection Act of 2005 (BAPCPA). Only 13 percent
of the respondents said they experienced an increased caseload over the
past six months, which they attributed in part to the implementation of
BAPCPA.
Out of the respondents who felt
the new law had little impact on their caseloads over the past six
months, 3 percent reported an increase in cases, while 9 percent
reported a decrease. Twelve percent of respondents claimed that BAPCPA
had no noticeable impact on their caseloads. Bankruptcy filings are way
down in 2006, averaging about 10,000 new cases per week, compared to
about 30,000 per week in recent years.
ABI members were welcome
to submit their response to the following statement:
size='3'>“Six months into the new bankruptcy
law, the impact on your practice has been: Increased/decreased
caseload, caused/unrelated in part to the law?
size='3'>” This poll was open for voting
from May 11-18.
The ABI Quick Poll is posted on
ABI’s home page,
face='Times New Roman' color='#800080'
size='3'>www.abiworld.org
size='3'>. ABI members and the public are invited to respond to a
question on a timely bankruptcy or insolvency issue.
Visit
href='http://www.abiworld.net/quickpoll/'>
color='#0000ff' size='3'>http://www.abiworld.net/quickpoll/
to access the results of previous
ABI’s Quick Poll.
###
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'>.