Contact: John Hartgen
size='3'>
(703) 739-0800
size='3'>
href='mailto:jhartgen@abiworld.org'>
color='#0000ff' size='3'>jhartgen@abiworld.org
FIFTH ANNUAL
CORPORATE RESTRUCTURING COMPETITION SCHEDULED FOR
NOVEMBER
size='3'>August 25, 2008, Alexandria, Va.
—The American Bankruptcy Institute (ABI) and Northwestern
University's Kellogg School of Management are co-sponsoring the Fifth
Annual Corporate Restructuring Competition, to be held Nov. 6-7 at
Northwestern University in Chicago. The
competition provides 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
University of Pennsylvania Wharton School of Business,
size='3'>Northwestern University’s Kellogg School of Management,
the Stern Graduate School of Business of New York University and
Stanford Graduate Business School. Winning teams receive prizes of
$6,000 for first place, $3,500 for second and $2,500 for third 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='http://www.abiworld.org/crc/rules.html'>
size='3'>http://www.abiworld.org/crc/rules.html
face='Times New Roman' size='3'>.
In addition to the case
presentations, there will be a sponsored networking cocktail reception,
dinner 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.
Schools interested in
participating in the competition should contact
size='3'>Shannon Nelligan at ABI, (703) 739-0800 or
href='mailto:snelligan@abiworld.org'>
size='3'>snelligan@abiworld.org
size='3'>.
For more information
about the Corporate Restructuring Competition, please visit
href='http://www.abiworld.org/crc'>www.abiworld.org/crc.
###
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 11,700 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 http://www.abiworld.org/conferences.html.