Contact:
Hartgen
(703) 739-0800
href='mailto:jhartgen@abiworld.org'>jhartgen@abiworld.org
THIRD ANNUAL
CORPORATE RESTRUCTURING COMPETITION SCHEDULED FOR JANUARY
October 31, 2006,
Alexandria, Va. — The American Bankruptcy Institute
(ABI) and Northwestern University's Kellogg School of Management are
co-sponsoring the Third Annual Corporate Restructuring Competition, to
be held January 19-21, 2007, at Northwestern in Chicago. The
competition provides 12 of the nation’s top MBA programs with a
unique opportunity to learn by solving a real-world restructuring case
problem.
The students have a week to
“solve” the problem and prepare comprehensive presentations
showing their operational and financial plans before panels of judges
representing senior company management and bondholders, with a final
round before a mock board of directors. Judges for the competition are
all experienced professionals from some of the top restructuring and
financial firms in the country.
Past winners of the Corporate
Restructuring Competition include the Stern Graduate School of Business
of
w:st='on'>University
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w:st='on'>Business
w:st='on'>School
prizes of $5,000 for first place, $3,000 for second, $1,750 for third
and $1,250 for fourth place. The first-place school will also receive
the Bettina M. Whyte Trophy, named in honor of the former ABI president
and founder of the competition. To find out more about the
competition’s rules, please visit
href='www.abiworld.org/crc'>
size='3'>www.abiworld.org/crc.
Schools competing this year in
addition to New York University, Northwestern and Stanford are the
University of Chicago, University of California-Berkeley, Duke
University, Dartmouth University, University of Virginia, University of
Pennsylvania, Yale University, University of Michigan and Notre Dame
University.
In addition to the case
presentations, there will be a sponsored networking cocktail reception,
a dinner with a prominent keynote speaker and an awards luncheon
following the Final Round of the competition. The investment banking
firm of Houlihan Lokey Howard & Zukin is providing the financial
support for the 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 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
href='http://www.abiworld.org/conferences.html'>
size='3'>http://www.abiworld.org/conferences.html.