Contact:
Hartgen
(703) 739-0800
color='#0000ff'>jhartgen@abiworld.org
ABI POLL
FINDS THAT COURT-ORDERED INFORMATION-SHARING PROTOCOLS ARE A SOLUTION TO
BAPCPA’S COMMITTEE DISCLOSURE REQUIREMENTS
size='3'>May 30, 2006, Alexandria, Va.
size='3'>—Seventy-two percent of respondents to the recent
American Bankruptcy Institute online poll agreed that court-ordered
information-sharing protocols, like those established in the
Refco and
size='3'>Calpine cases, are a solution to
concerns over the Bankruptcy Abuse Prevention and Consumer Protection
Act of 2005’s (BAPCPA) committee disclosure requirements. Nearly
half (44 percent) said that they “agree somewhat” that
court-ordered information-sharing would satisfy concerns over
BAPCPA’s committee disclosure requirements, with 28 percent
respondents weighing in that they “agree
strongly.”
Only 16 percent of respondents
disagreed that court-ordered information-sharing requirement protocols
are the solution to concerns over the new law’s committee
disclosure requirements, as 8 percent “disagreed strongly”
and 8 percent “somewhat disagreed.” Thirteen 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:
size='3'>“Court-ordered information-sharing protocols like the one
established in Refco and Calpine are the solution to concerns over
BAPCPA’s committee disclosure requirements.”
size='3'> The poll was open for voting from
May 18 – May 24.
The poll question was
based on recent court cases, including Refco,
Calpine,
face='Times New Roman' size='3'>Oneida
and
size='3'>Silicon Graphics, Inc., in which
debtors have sought the court’s permission to limit the sharing of
confidential information to only those participants of a
creditors’ committee bound by a confidentiality
agreement.
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.
###
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face='Times New Roman' color='#0000ff'
size='3'>http://www.abiworld.org/conferences.html
face='Times New Roman' size='3'>.