Contact: John Hartgen
703-739-0800
ABI RELEASES SECOND EDITION OF THE
PREFERENCE HANDBOOK
June 2, 2008, Alexandria, Va. — Updated to
address 2005 bankruptcy law changes, the American Bankruptcy Institute
(ABI) released the ABI Preference Handbook, Second Edition, to
provide a streamlined guide to the intricacies of preference claims and
preference liability. As preference claims are one of the most common
experiences a creditor will encounter in bankruptcy, author
David B. Wheeler (Moore & Van Allen) wrote the
Handbook to appeal to both lawyers and nonlawyers.
Preference claims in a bankruptcy case aim to prevent an insolvent
company from favoring one creditor at the expense of another by allowing
the bankruptcy estate to sue vendors to force them to return payments
that were made within 90 days of the bankruptcy filing. The goal of the
claim is to stop failing companies from making payments to preferred
vendors just before they reach the point of insolvency.
The 90-page softbound manual is available for purchase ($25 ABI members;
$45 non-members) at ABI’s Online Bookstore.
href='http://www.abiworld.org/abistore'>Click here to order.
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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 11,700
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
href='http://www.abiworld.org/conferences.html'>http://www.abiworld.org/conferences.html.
Monday, June 2, 2008