Young and New Members

Becoming a Chapter 11 Bankruptcy Trustee for the First Time? What CPAs Need to Know Ahead of Time

When a Certified Public Accountant (CPA) steps into the role of a chapter 11 bankruptcy trustee for the first time, understanding the legal and financial landscape is essential. Chapter 11 bankruptcy primarily involves the reorganization of a debtor's business affairs, debts and assets, typically allowing the business to continue operations while formulating a plan to repay its creditors over time. The trustee is responsible for overseeing the debtor’s compliance with the Bankruptcy Code, managing estate assets, and ensuring that the reorganization plan is fair and feasible.

Addressing Uncertain Tax Positions in Chapter 11 Bankruptcy: Risks for Post-Petition Management

Elevating Tax Exposures in Bankruptcy Proceedings

Ethical Concerns Relating to the Employment of Professionals

This panel discusses ethical concerns relating to employing professionals in bankruptcy matters, including disclosure obligations under ethics rules, the Bankruptcy Code and U.S. Trustee guidelines.

Young and New Members | December 2024

Unlocking Potential: The Art of Effective Workplace Mentorship

Mentorship plays a pivotal role in fostering professional growth, nurturing talent and driving organizational success. From establishing meaningful mentor/mentee relationships to fostering a culture of continuous learning, this panel will explore practical approaches and best practices for harnessing the power of mentorship in the workplace.

Co-Chairs Corner

As we near the end of 2024, we are pleased to take a step back and highlight the work performed by the Young and New Members Committee over the past year. We have loved working with our committee leaders and are truly grateful for their time and commitment to the ABI.

A Brave New World: Use of Technology and Ethical Considerations in Post-Pandemic Practice

This panel will consider and discuss practice points, deployment of technology, and ethical considerations for attorneys following the COVID-19 pandemic.

Young and New Members | July 2024

Japanese Version of Debtor-in-Possession Financing: Overview and Recent Trends

Debtor-in-possession (DIP) financing is known as the supply of additional financing to financially distressed debtors undergoing insolvency procedures. This kind of loan has become an essential component of restructuring as rescue financing for debtors on the verge of cash shortages.

Historically, the U.S. developed legislation in favor of DIP lenders by giving special protection to DIP loans under chapter 11, Title 11 of the U.S. Code (the Bankruptcy Code). It has promoted DIP loans, resulting in a large DIP-financing market.

Stepping Up: Transitioning Successfully to a Mid-Level Bankruptcy Associate

Transitioning from a junior bankruptcy associate to a mid-level bankruptcy associate can sometimes feel like climbing the staircases at Hogwarts: difficult and uneasy at first, but it eventually becomes second nature. As a junior associate, one learns the fundamentals of bankruptcy law, fine-tunes research skills, and finds an understanding of how to work with managing and senior associates and partners. Stepping into a mid-level position requires letting go of the handrails and transitioning into managing up and down, engaging with clients, and running the day-to-day of cases.