Contact: John Hartgen
703-894-5935
ABI ENDOWMENT
FUND RENAMED IN HONOR OF ANTHONY SCHNELLING
size='3'>July 6, 2009, Alexandria, Va. —
The American Bankruptcy Institute Management Committee today unanimously
decided to permanently name the ABI Endowment Fund the “Anthony
H.N. Schnelling Endowment Fund” in honor of
face='Times New Roman' size='3'>Anthony H.N. Schnelling
size='3'>of Bridge Associates LLC (New York). Schnelling,
size='3'>a managing director and founding member of Bridge
Associates, oversaw the growth and development of
the Endowment Fund from 2005-09 during his tenure as ABI Vice President-
Development.
“The
size='3'>naming of the fund is in recognition of Tony Schnelling’s
outstanding contribution to the building of the Endowment Fund as well
as his tireless and dedicated service to the ABI,” said ABI
President Robert J.
Keach of Bernstein Shur (Portland, Maine).
“We cannot thank Tony enough.”
The ABI Endowment Fund was
created in 1989 to provide a secure financial base for the Institute and
to provide resources for insolvency research and education. Since 1998,
the Fund has awarded over $900,000 in grants and
scholarships.
“The ABI Endowment
Fund grew dramatically during Tony’s four-year tenure as ABI Vice
President-Development, providing critical resources for a number of
high-profile and worthy projects, such as the chapter 11 fee study and
the interdisciplinary conference on debt,” said ABI Executive
Director Samuel J.
Gerdano. “Tony’s support, and that
of his firm, Bridge Associates, has been essential to funding empirical
research and education projects that would never have occurred without
that support.”
Prior to founding Bridge
Associates, Schnelling was active as a corporate executive in the
international specialty chemicals industry and was a commercial banker
with Morgan Guaranty Trust Company of New York, an investment banker
with Warburg Paribas Becker in New York and an insolvency attorney with
Stroock & Stroock & Lavan in New York. He is an At-large member
of ABI’s Board of Directors and is a Fellow of the American
College of Bankruptcy. A frequent guest lecturer on topics relating to
troubled-company turnarounds, workouts and bankruptcies, he is also an
adjunct professor at Fordham University School of Law and has taught at
Columbia University’s School of Business and the Jones Graduate
School at Rice University.
Projects eligible for Endowment
funding include research by individuals or entities relating to
bankruptcy or insolvency; surveys or other analytical investigation; the
education of judges, court personnel, other governmental personnel and
the general public; scholarships or other educational grants; support
for the Robert M. Zinman Resident Scholar; and support for both the
Chief Judge Conrad B. Duberstein National Bankruptcy Memorial Moot Court
Competition and ABI’s Corporate Restructuring
Competition.
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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 nearly 12,000 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'>.