Contact:
Hartgen
(703) 739-0800
href='mailto:jhartgen@abiworld.org'>jhartgen@abiworld.org
DEFENSE COSTS
AGAINST A DEBTOR ATTORNEY ARE APPROPRIATELY NONDISCHARGEABLE, SAY NARROW
MAJORITY OF RESPONDENTS IN LATEST ABI POLL
size='3'>August 11, 2006, Alexandria, Va.
size='3'>— The results of a recent American Bankruptcy Institute
online poll showed that respondents were nearly polarized over the
question of whether a damages claim for defense costs against a debtor
attorney arising from sanctions under Rule 11 and 28 USC 1927 is
appropriately nondischargeable under §523(a)(6). Twenty-five
percent “agreed strongly,” while 26 percent “disagreed
strongly.”
An additional 19 percent of
respondents “agreed somewhat” that a damages claim for
defense costs against a debtor attorney arising from sanctions under
Rule 11 and 28 USC 1927 is appropriately nondischargeable under
§523(a)(6), while 12 percent “disagreed somewhat.”
Eighteen percent of the respondents did not know or had no opinion on
the issue.
ABI membership and members of
the public were welcome to submit their response to the statement:
“A damages claim for defense costs against a debtor attorney
arising from sanctions under Rule 11 and 28 USC 1927 is appropriately
nondischargeable under §523(a)(6).” The latest ABI
Quick Poll was open to the public for voting from Aug. 3-10.
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'>.