Contact: John
Hartgen
703-739-0800
href='mailto:jhartgen@abiworld.org'>jhartgen@abiworld.org
ABI’S
NEW “BANKRUPTCY TOWN HALL” WEB SITE FEATURES DEBATE OVER
U.S. AUTOMAKERS
size='3'>January 16, 2009, Alexandria, Va.
size='3'>— The American Bankruptcy Institute launched a new Web
site, townhall.abiworld.org, to provide a forum for both practitioners
and the public to read and share their views on current bankruptcy
topics that are being debated on Capitol Hill and throughout the nation.
The site features commentary on the issues from experts on both sides of
the debate, and users visiting the site are encouraged to leave their
opinions as well. The Bankruptcy Town Hall site will be updated with new
issues and commentary throughout the year as new developments surface
that will affect consumer or business bankruptcies.
The site currently features
views on the ongoing debate about whether the federal government should
bail out U.S. auto manufacturers or allow the companies to file for
bankruptcy. General Motors and Chrysler were granted a federal loan
package totaling $17.4 billion in December 2008, but the possibility of
continued federal bailouts or bankruptcy for the U.S. auto sector
remains as the industry continues to struggle under the strain of
dwindling sales, large inventories and reduced access to private capital
as a result of the global credit crunch.
Please
href='townhall.abiworld.org'>click here to view
townhall.abiworld.org.
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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
face='Times New Roman'
color='#0000ff'>http://www.abiworld.org/conferences.html.