February 2, 2016, Alexandria, Va.— The latest American Bankruptcy Institute (ABI) podcast features ABI Resident Scholar Prof. Melissa Jacoby talking with Prof. Pamela Foohey of the Indiana University Maurer School of Law about Prof. Foohey’s recent research finding that churches with predominantly black membership appeared in chapter 11 more than three times as often as other churches. Prof. Foohey found that lenders may have charged black churches more for credit and denied black churches’ modification requests in times of financial troubles more often, leading these churches to seek chapter 11 protection more frequently. Prof. Foohey concludes that just as race matters in consumer bankruptcy, it may matter in chapter 11 as well.
“The most important takeaway for attorneys, judges and also trustees working in the system is really to understand the experiences that churches and church leadership come with when they enter chapter 11,” Prof. Foohey said.
Click here to listen to the podcast.
To read Prof. Foohey’s study, “Lender Discrimination, Black Churches, and Bankruptcy,” please click here.
ABI’s podcast series features interviews with important figures or experts discussing timely bankruptcy topics or issues. ABI podcasts are freely available to members, the public and the press, and can be accessed on ABI’s Newsroom website.
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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 12,000 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.abi.org/calendar-of-events.