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| vol 14, num 1 | December, 2017 |
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| A Year-End Letter from Your Co-chairs |
This year was certainly an interesting one for health care insolvencies, and tremendous uncertainties remain as we move toward 2018. The health care sector took years to adjust to the Affordable Care Act and now that questions have been raised as to the continued viability of such legislation, it is hard to predict what will happen. Professionals in the health care insolvency industry should be prepared to adjust to this ever-changing environment on a moment’s notice.
The Health Care Committee co-sponsored well-received panels in 2016 and 2017 at both the Annual Spring Meeting and the Winter Leadership Conference. At the 2016 Winter Leadership Conference, in collaboration with the Real Estate Committee, the Health Care Committee presented Fuse, Sever and Heal: Issues Impacting Healthcare Facilities in Bankruptcy, with panelists Thomas R. Califano, DLA Piper New York; Patricia B. Jefferson, Miles & Stockbridge P.C. Baltimore; Shawn M. Riley, McDonald Hopkins LLC Cleveland; and Frank P. Terzo GrayRobinson, P.A. Fort Lauderdale, Florida.
At the 2017 Annual Spring Meeting, in collaboration with the Consumer Committee, the Health Care Committee presented Who Pays the Price for Health Care Insolvencies: the Consumer, the Vendors or the Public at Large, with panelists Louis E. Robichaux, IV, Deloitte Transactions & Business Analytics LLP; Dallas, TX; Thomas A. Waldrep, Jr., Womble Carlyle Sandridge & Rice, LLP; Winston-Salem, NC; Scott A. Zuber, Chiesa Shahinian & Giantomasi PC; West Orange, NJ; and Clifford A. Zucker, CohnReznick LLP; Edison, NJ.
The Healthcare Committee and the Unsecured Trade Creditors Committee also hosted a Webinar, titled Navigating Health Care Bankruptcies to Maximize Creditor Recoveries, which was presented in September 2017 with Jeffrey K. Garfinkle, Buchalter Nemer, PC; Warren J. Martin, Porzio, Bromberg and Newman PC; and Adam C. Rogoff, Kramer Levin Naftalis and Frankel, LLP.
One of the Health Care Committee’s initiatives for 2018 will be conducting regular Committee educational calls to keep everyone current on hot topics in health care insolvencies. Watch for your invitation to join each of these calls! Also, if there is a topic which you would like to discuss on an upcoming call, please contact us.
Our Newsletters helped members stay current, led by such articles such as Bankruptcy Sales of Health Care Provider Assets Free and Clear of FCA Liabilities: Some Untested and Novel Arguments by Valerie P. Morrison and Jody A. Bedenbaugh of Nelson Mullins Riley & Scarborough LLP.
Stay tuned for information about a social event at the 2018 Annual Spring Meeting to bring the Committee together for networking opportunities.
Best wishes to all for a happy and healthy 2018! |
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Is there a way you can quickly peruse the Bankruptcy Code, Rules and local rules? Indeed, there is: ABI’s new and improved law.abi.org site! ABI's Law site has always been the most reliable, up-to-date online Code and Rules, but now it has a new look and brand new features.
As before, ABI members can access, annotate and bookmark the Code and Rules from any device, and Law contains all of the new amendments effective December 1. The newly designed site now also allows members to:
- view local rules for all 50 states and territories (new!);
- read corresponding pertinent Collier case updates (from LexisNexis), Rochelle’s Daily Wire analyses and cross-references from ABI’s Volo site (new!); and,
- cut and paste sections easily into documents and e-mails (new!).
Best of all, Law is portable and always current, so you can reference it whenever and wherever you need it! Visit law.abi.org today! |
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ABI is pleased to announce the inaugural class of its “40 Under40” initiative. The honorees were recognized at a special luncheon during ABI’s 2017 Winter Leadership Conference. Candidates were chosen from both large and small firms from every region of the country, and represent diverse practice areas such as law, finance, consulting, academia, government and more.
A special congratulations to ourABI member committee leaders who were part of the inaugural class!
Take a look at our full list of outstanding honorees!
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| Year-End Giving: ABI Offers Two Ways to Give Back |
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ABI has two great opportunities for those who are looking to give back to their communities. We invite you to offer your year-end giving to one of the tax deductible organizations below.
 The ABI Endowment Fund was created in 1989 to provide resources for research and education. Named to honor late Vice President of Development Tony Schnelling, the Endowment has awarded more than $3 million in grants, prizes and scholarships since its first award in 1990. For more information on the Endowment, click here. To donate now, click here.
 Credit Abuse Resistance Education (CARE) is a national 501(c)3 non-profit that connects bankruptcy and other professionals with young people to teach basic personal finance and encourage smart credit decisions. Founded in 2002, by now-retired U.S. Bankruptcy Court Judge John C. Ninfo II, CARE has grown exponentially and has doubled its chapter presence in the last year.
Financial literacy is crucial to the success of the next generation and your financial support of CARE goes a long way to preparing our future leaders. Donating is easy at www.care4yourfuture.org/care-support.
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| ABI has a new publication aimed at business practitioners and their clients. A Business Creditor’s Guide to Distressed Vendors, Debt Collection and Bankruptcy provides an insider’s look into the options available to help screen a business’s customers, plan for worst-case scenarios, and, if the situation does arrive, efficiently handle the fallout. This book offers background and insight into such matters as why businesses
fail, the Fair Debt Collection Practices Act and other statutes that affect a business’s relationship with its vendors, relevant chapters of the Bankruptcy Code that affect debt settlement, out-of-court alternatives to bankruptcy that might come into play, and several other concepts that business owners should be aware of when dealing with distressed vendors. The book is available for pre-order now, and ships at the end of December. |
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©2017 American Bankruptcy Institute . All rights reserved.
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