American Bankruptcy Institute2005 Annual Report / 2005–2006 Calendar

2005 Annual Report

The past year brought the most significant bankruptcy law amendments in a generation.The American Bankruptcy Institute (ABI) responded pro-actively to the challenge ofeducating the insolvency world and the public about the profound changes in bankruptcylaw and policy. Live conferences, distance learning programs and publications reachedthousands of members, easing the transition to a new law.

In a year of many achievements for ABI, there are several other highlights:

• We designed and implemented new educational programs in both the United States and internationally, cementing our role as the leading provider of professional education;

• Our membership roll surged past the 11,000 mark, conference attendance brokerecords and our publications set new standards for excellence;

• As the web’s premier source of bankruptcy information, ABI’s award-winning Web siteattracted record levels of traffic during the lead up to the new law;

• The Endowment Fund continued to grow as a prominent source of research funding,with a major empirical study of professional fee practices now pending; and

• More members than ever became involved in our work through our concerted effortsto keep ABI connected to professionals across disciplines.

The coming year will bring another milestone in ABI’s outreach and governance, whenwe welcome the first U.S. Bankruptcy Judge to serve as ABI President. Judge Wesley W.Steen (W.D. Texas) is scheduled to lead ABI, beginning in April 2006.

We look even further ahead with anticipation to ABI’s silver anniversary year in 2007,ready to reach new milestones. We again invite you to be an active player in our comingactivities.

Annual Report Table of Contents

Educational Programs ..........................................................................October 2005

Legislative Activity ............................................................................November 2005

Research ..........................................................................................December 2005

Online Technology & Resources ..........................................................January 2006

Publications ........................................................................................February 2006

Membership ............................................................................................March 2006

In the News................................................................................................April 2006

Law Review ................................................................................................May 2006

International Activity..................................................................................June 2006

Professional Development ..........................................................................July 2006

Bankruptcy Certification ........................................................................August 2006

Finances ..........................................................................................September 2006

Endowment Fund Contributors ............................................................October 2006

Board of Directors ............................................................................November 2006

ABI Staff ............................................................................................December 2006

Committees

John D. PennPresident

Bettina M. WhyteChair

Hon. Wesley W. SteenPresident-elect

Samuel J. GerdanoExecutive Director

AMERICANBANKRUPTCYINSTITUTE

Educational Programs

In addition to expanding the number of educational program opportunities this year, ABI introduced a number of new delivery systems to providemembers with the latest information on the new bankruptcy law, offer new ways to meet continuing education requirements and accommodatebusy schedules.

Webinars on the New Law

After the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA)was signed into law by President Bush on April 20, ABI began offering educationalprograms on the new law. ABI’s seven-part Webinar series offered comprehensivecoverage of both consumer and business bankruptcy practiceunder the new law.

Annual Spring Meeting

More than 1,200 members attended the23rd Annual Spring Meeting, the firstnational educational program focused onbankruptcy following President Bush’ssigning of the new bankruptcy law. Inaddition to the wide array of sessions thatincluded coverage of the newly passedlaw, attendees were treated to a keynoteaddress by syndicated columnist George F.Will. The final night dinner featuredcomedian Richard Jeni and the all-ABImember band, the Indubitable Equivalents.

Winter Leadership Conference

The 2004 Winter Leadership Conference in Scottsdale,Ariz., attended by more than 750, offered numerouseducational sessions. In addition to a variety of optionalevents, attendees were treated to a keynote by bestsellingauthor and political commentator Michael Barone and the Indubitable Equivalents, who brought down the house with their debut appearance at the final night dinner.

Regional Programs

ABI offered several new regional programs this year.The first-ever Mid Atlantic Conference, held August 4-6 in Cambridge, Md., was well received and willbecome an annual regional event. Also for the firsttime, ABI will present the Detroit BankruptcyConference on November 11, 2005. Other regionalmeetings remained popular and included the annualViews from the Bench program, the intensive learn-by-doing Litigation Skills Symposium and the regular rosterof regional programs. Cross-border programs includedthe Canadian/American Bankruptcy Program in Toronto and theCaribbean Insolvency Symposium, held in Puerto Rico.

“Best of ABI” Programs

In 2005 ABI began offering the highest-rated sessionsfrom each ABI program in a teleconference/ Webinarformat. Those who were unable to attend these sessionslive are now able to experience the original program,including speakers and educational materials, via phoneand Web, or access the archived version of the program24-7-365.

EventXpress

The new EventXpress Registration Kiosk system nowallows members to check themselves in at ABI educationalprograms, accurately track CLE credits and purchaseoptional event tickets onsite.

Legislative Activity

Nearly eight years of congressional action onbankruptcy culminated in enactment of the BankruptcyAbuse Prevention and Consumer Protection Act (PublicLaw 109-8) on April 20. BAPCPA is the mostsignificant legislative development since passage of the1978 Code and represents a sea-change in U.S. debtor-creditor relations. Most of theprovisions apply to cases filed on or after the effective date of October 17, 2005. Themere 180-day effective date window meant that ABI had to immediately plan andimplement educational programs for our members.

ABI swiftly announced a seven-part series of Webinars on the coming new law. TheWebinars utilized advanced distance learning technologies to provide a rich visual andaudio experience. The programs were extremely popular: More than 2,000 practitionersregistered for more than 10 hours of detailed CLE coverage. Three of the programs weredevoted to consumer bankruptcy law and three covered the business bankruptcychanges. The final program featured seven leading bankruptcy judges from around thenation, providing their views on the controversial law’s key elements. The series wasoffered without charge to bankruptcy judges and their law clerks, as a service to theThird Branch.

Resident Scholar Jeffrey Morris led a panelon the new law during the Annual Meeting.

Signing ceremony at the White House.

ABI members voiced their opinions on the impact of the new law via online polls.

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What attendees said about the Webinar series on the new law:

“The presenters were extremely well versed and had great interaction.”

“Web presentation and materials were truly superb.”

“A wonderful way to present a seminar and provide materials.”

“Congratulations on a very user-friendly and high quality program.”

“The materials and speakers were incredibly good, as good as any face-to-face seminar I’ve attended.”

“ABI is the premier source for information, insight and education on legislation.”

Hon. G. Harvey BoswellU.S. Bankruptcy Judge; Jackson, TennesseeMember Since 1985

Research

The ABI Endowment Fund, created in 1989 to provide a resource for the Institute’s mission of scholarly research and education, continued itsgrowth this year. The Fund now totals more than $1.4 million in contributions and pledges from nearly 4,000 members. Many members havedonated via the voluntary $30 tax-deductible gift option as part of their annual membership renewal. Since 1998, when the first research grantwas made, the Endowment has funded nearly $500,000 in awards.

In late 2004, the Endowment Fund awarded a $346,000 grant to Stephen J. Lubben,Associate Professor of Law at Seton Hall University School of Law, to study professionalfees in business bankruptcy cases. The study will provide the most comprehensive,independent look at professional fees in chapter 11 cases to date. It is expected toinclude 1,000 cases, vastly exceeding the sample size of any prior study on this topic.Preliminary work on the study began in mid-2005, and the final report will be completedby the fall of 2007.

This year, the Fund also awarded a $21,100 grant to Memphis-based RISE Foundation tostudy consumer bankruptcy from the debtor’s perspective. Memphis has the nation’shighest per capita filing rate. The results will assist practitioners and policy-makers inevaluating the factors behind the high filing rate in the Western District of Tennessee andwill provide insight into the debtor’s life after bankruptcy.

The Fund also provides an annual stipend for ABI’s Robert M. Zinman Resident Scholarprogram. Each Zinman Scholar is a leading member of the academic community, onleave from full-time teaching to assist ABI in research and educational activities. The Fall2005 Resident Scholar is University of New Mexico School of Law Prof. Nathalie D.Martin. The Spring 2006 Scholar is Prof. John D. Ayer of the University of California-Davis School of Law.

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$ 600,000

$ 900,000

$ 1,200,000

$ 1,500,000

Prof. Nathalie D. MartinFall 2005 Resident Scholar

Prof. John D. AyerSpring 2006 Resident Scholar

Online Technology & Resources

“In researching bankruptcy issues, I go to the ABI World Web site first. The vault of articles and outlines is a gold mine.”

Richard P. CarmodyAdams and Reese LLP; Birmingham, AlabamaMember Since 1985

ABI World

ABI continued to expand the scope ofits online resources for members thisyear, adding a number of newfeatures to the ABI World Web site(www.abiworld.org), offering onlineWebinars, Web chats and much more.

The popular ABI World Web sitecontinued to add to its wide variety ofonline resources, which are availableto members 24-7-365. The Web siteoffered minute-to-minute news andanalysis as bankruptcy reformlegislation made its way throughCongress in early 2005. The siteoffered in-depth analysis of the newprovisions, up-to-the-minute votes onamendments, debate transcripts,media coverage and much more.Once the new law was signed by thepresident on April 20, ABI beganoffering numerous resources toaddress practice under the new law.

The ABI World Web site offers manypopular features, including a newlyupgraded “Cracking the Code”interactive newsletter, back issues ofthe popular ABI Journal and ABI Law

Review, an online Membership Directory, daily bankruptcy headlines, the ABI CareerCenter, Circuit Case Updates, bankruptcy opinions and much, much more.

With more than 110,000 searchable online documents, ABI World is the best onlineresource for bankruptcy professionals. Due to the sheer amount of information offeredat the Web site, in the spring of 2005 the ABI staff created easy-to-understand tutorialsdemonstrating the many features of the Web site. The full series can be accessed at anytime from the ABI World home page.

Online Programs

ABI enhanced its onlineeducational offerings thisyear, offering the “Best ofABI” program from eachof the regionalconferences, onlinequestion-and-answersessions and a Webinarseries on the new law.With a growing numberof states offeringcontinuing educationcredit for online programs, the new delivery system provides a convenient alternative totraveling to a meeting. An archive of past events allows members to register and receivecontent on-demand in the convenience of their offices.

Publications

“Without a doubt, the ABI Journal is the most useful publication I receive.”

William Crutchfield, Jr. Chambliss, Bahner & Stophel; Chattanooga, TennesseeMember Since 1986

New Titles and Updates

ABI introduced several new titles to itsdiverse array of publications this yearand began updating the entire catalog toaccount for changes made by the newlaw. Getting Paid: Retention andCompensation in Bankruptcy Cases–A Guide for Non-attorney Professionals,released in the spring, discusses thevarious aspects of the professionalretention and fees process.

Also introduced this year was thesecond edition of the ABI HealthCare Insolvency Manual, asignificantly expanded andupdated version of the first editionpublished in 1997. The manual,which includes the significanthealth care and nonprofitprovisions of BAPCPA, is designed to be aneasily accessible and user-friendly introduction of the basics ofbusiness bankruptcy for the health care professional and thebasics of health care law for the bankruptcy professional.

New titles and updates to current ABI publications covering the new law will be releasedin 2005 and 2006 and made available through the online bookstore at ABI World(www.abiworld.org). The bookstore provides a full description of all ABI publications andallows for online purchase at any time.

ABI Committee e-Newsletters

ABI’s 20 committees publish quarterly e-newsletters that provide committee members with the latest news and information. All members can read these electronicnewsletters online at ABI World.

Membership

“If you do serious bankruptcy work, or if you need to refer bankruptcy work out on a regular basis, or if you are interested in doing morebankruptcy work, the ABI is the only real bankruptcy organization that makes sense to join.”

Ford ElsaesserElsaesser, Jarzabek, Anderson, Marks, Elliott & McHugh, Chtd.; Sandpoint, IdahoMember Since 1985

Membership surpassed 11,000 during 2005, just 15 months after breaking the 10,000-member mark, making ABI not only the largest and most diverse insolvencyorganization, but the fastest-growing as well.

ABI members are experienced leaders in the practice. Surveys show that 44 percenthave over 20 years in the field and 72 percent have at least 10 years in practice. Alldisciplines are well represented: While most are involved in commercial and businessbankruptcies, nearly a third do at least some consumer bankruptcy work.

Many members join ABI via conferenceor seminar attendance. Nearly 250members joined during the first eightmonths of 2005 by this method. Manyalso value the ability to network withprofessionals across disciplinesnationwide. Responding to members’desire for more local networking events,ABI hosted several receptions in citiesnot served by regional conferences,including Cleveland, Seattle, SanAntonio and San Francisco, with otherevents planned for Orlando, Boston andSt. Louis.

The new “Get Involved” initiativemakes it easy for all members toplay an active role in ABI bywriting for publications,moderating a listserve andhelping to plan committeeprograms. Each of ABI’s 20member committees hasproduced at least one electronicnewsletter this year, featuring content of interest and providing new opportunities formembers to be published.

New and Young Members network at a reception durning the Annual Spring Meeting.

In the News

“There is no better way to keep up with bankruptcy law and practice than through the ABI.”

L.E. Creel IIICreel & Moore LLP; DallasMember Since 1983

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 dominated thisyear’s bankruptcy news coverage, followed closely by the financial crisis facing thenation’s airlines, pending asbestos litigation and pension funding crises.

ABI leaders from all over the country were interviewed by news outlets as diverse asThe Washington Post, The New York Times, The Wall Street Journal, the Los AngelesTimes, CNBC, the Associated Press, CNN, NPR, C-SPAN, The National Law Journal andVoice of America, and ABI was cited more than 1,500 times. Among the most requested

information was the law’s effect onconsumers, whetherpeople/companies will rush to fileahead of October 17, andconsumer credit issues.

Online Newsroom

ABI’s online Newsroomoffers a wide range ofinformation to journalists,from bankruptcy statistics togrant awards and ABI events. More than one million “hits” on ABI World’s Statistics andPress Room sections from September 2004 to August 2005 confirm the site’s value tonews organizations.

Dow Jones Daily Review Small Cap

ABI leadership continued to providecommentary to Dow Jones Daily ReviewSmall Cap, an initiative that began lastyear. President John D. Penn andImmediate Past President Michael P.Richman provided commentary on thenew bankruptcy law and the efficacy ofthe U.S. bankruptcy system. The articlescan be found at www.abiworld.org.

Law Review

The American Bankruptcy Institute Law Review is the nation’s largest-circulationbankruptcy law journal. Edited by top students at St. John’s University School of Law, itis published semi-annually by Thomson West. An advisory board of more than threedozen bankruptcy judges, practitioners and academics help to plan thematic issues, editarticles and assist in the production of each issue. The board is headed by Prof. G. RayWarner, director of the bankruptcy LL.M. program at St. John’s and a former ABIDirector and Resident Scholar.

The Law Review has been cited in more than 900 law reviews and court opinions and isfrequently on the leading edge of trends in the law. The past year continued thistradition. The Spring 2005 issue featured a special roundtable on the cutting-edge issuesinvolved in the bankruptcy filings of several Roman Catholic dioceses. The cases haveenormous implications for the rights of religious institutions in civil society. Leadingconstitutional law scholars such as Douglas Laycock (University of Texas) joinedbankruptcy scholars such as David Skeel(University of Pennsylvania) and JonathanLipson (Temple University), as well aspractitioners experienced on both the creditorand debtor side of church bankruptcies. Theroundtable discussion predicted accurately therecent bankruptcy court decisions expanding thescope of estate property.

Other feature articles in the spring issue werewritten by Prof. Ralph Brubaker (University ofIllinois) and Prof. Marie T. Reilly (University ofSouth Carolina). Prof. Brubaker wrote on statesovereign immunity in the wake of the SupremeCourt’s Hood decision, while Prof. Reilly wrote onthe “reasonably equivalent value” standard after BFP v. Resolution Trust Co.

Reginald W. Jackson (Co-chair)Prof. G. Ray Warner (Co-chair)Prof. Robert M. Zinman (Co-chair)Lawrence R. AhernJohn W. AmesProf. Jean BraucherJo Ann J. BrightonProf. Ralph BrubakerG. Eric Brunstad Jr.Prof. Daniel J. BusselHon. Leif M. ClarkProf. Marianne B. CulhaneDouglas E. DeutschProf. A. Mechele DickersonHon. Dennis DowHon. Conrad B. DubersteinJonathan P. FriedlandProf. Christopher W. FrostHon. Rosemary GambardellaProf. Gregory Germain

Christopher F. GrahamProf. Karen GrossProf. John P. HenniganProf. Margaret HowardDavid R. KuneyProf. Robert M. LawlessNeil P. OlackRobin E. PhelanArnold M. QuittnerPatricia A. RedmondProf. Mark S. ScarberryGeorge H. SingerHon. Wesley W. SteenProf. Charles J. TabbHon. Eugene R. WedoffProf. Jay L. WestbrookProf. Mary Jo WigginsProf. Jack F. WilliamsProf. Todd J. Zywicki

Law Review Advisory Board

Prof. G. Ray Warner, Co-chair of the Law Review AdvisoryBoard, presents the annual ABI scholarship to the 2005 ABILaw Review Editor-in-Chief, Melanie Schmid.

International Activity

As globalization increasingly impacts the insolvency world, the need for the sharing of experiences, techniques and strategies among lawyers,accountants, trustees, restructuring professionals, government officials and lenders continues to grow. ABI offers a number of tools, resources andeducational programs to help insolvency professionals meet the growing cross-border challenges insolvency professionals face today.

Cross-border Educational Programs

In February 2005 the Canadian/AmericanSymposium, attended by nearly 300 insolvencyprofessionals, featured prominent practitionersand judges from both nations and coveredleading issues such as ancillary proceedings andjudisdiction, personal liability for directors,officers and professionals, workouts under bothnations’ legal regimes and negotiating labor issues under both the Code and the CCAA(Canada). Dean Ian Holloway of the University of Western Ontario called it the“insolvency event of the year” in Canada.

More than 80 insolvency professionals fromPuerto Rico, Latin America and 15 U.S. statesattended ABI’s first Caribbean Insolvency

Symposium, held in SanJuan Nov. 11-12. Specialguests included PuertoRico’s Secretary of StateJose M. Izquierdo-Encarnacion and JulioFontanet, president of thePuerto Rico BarAssociation, along with bankruptcy judges Gerardo A. Carlo andEnrique Lamoutte. The program was simultaneously translated inSpanish-English.

Other cross-border educational sessions include the InternationalInsolvency Symposium, held Sept. 23, in London, and the nextCaribbean Insolvency Symposium, planned for February 9-10,2006, in Miami.

International Committee Activity

ABI’s International Committee held two continuing legaleducation programs this year and published fourelectronic newsletters, covering broad ancillary relief inCanadian and U.S. Bankruptcy courts and the newchapter 15. “European Update” is now a regular featurein the ABI Journal.

Other Resources

The ABI Journal’s “The InternationalScene” column provides in-deptharticles on cross-border issues; allpast articles are available tomembers at ABI World. TheGlobalINSOLvency.com Web site isanother useful resource on cross-border issues. The site, partneredwith INSOL International, featuresdaily economic and insolvencynews from around the globe, linksto international organizations,international legislativedevelopments and much more.

Faculty for the 2005 Toronto program.

Caribbean program planners: David Friedman, Josefina FernandezMcEvoy and Judge Jerry Carlo.

Professional Development

“As a lawyer and a judge, I have had many opportunities to network ... only ABI has afforded me the chance to interact with so many of the otherplayers in the bankruptcy arena. The Journal, the educational meetings, committee structure and Web site are evidence of the all-encompassingand welcoming environment that is the ABI. I am grateful to be a member.”

Hon. Lee M. Jackwig, U.S. Bankruptcy Judge; Des Moines, Iowa, Member Since 1986

Corporate Restructuring Competition

The Institute’s inaugural CorporateRestructuring Competition, held Nov. 11-14,2004, at the Kellogg Graduate School ofManagement at Northwestern University,included eight of the nation’s best businessschools. The 2004 winner was StanfordUniversity’s Graduate School of Business.Sponsored by Houlihan Lokey Howard & Zukin,the competition encourages second-year MBA

students to find creative solutions to real-world problems and provides them withopportunities to network with some of the top professionals in the fields of finance,corporate renewal and restructuring accounting. The 2005 competition, expanding to 12top schools, is scheduled for Nov. 11-13, 2005.

National Bankruptcy Moot Court Competition

The 13th Annual Conrad B. DubersteinNational Moot Court Competition – the onlynational competition devoted to bankruptcy –included nearly 40 law school teams. The2005 winner was the University ofConnecticut School of Law. More than 600insolvency professionals attended the final

night awards dinner at Pier 60 in Manhattan. The competition, hosted by ABI and St.John’s University School of Law, is named in honor of Judge Duberstein, a formermember of the ABI Board of Directors and the Chief Bankruptcy Judge of the EasternDistrict of New York.

Annual Bankruptcy LL.M. Scholarship

Each year ABI awards a $15,000 scholarship to a student in the bankruptcy LL.M.program at St. John’s University School of Law. The LL.M. program is the only one of itskind, and the award reflects ABI’s long-standing partnership with St. John’s.

Annual Medal of Excellence

More than 100 law school students around the country were presented with ABI’s Medalof Excellence Awards this year. Medal recipients, selected by each law school’sbankruptcy faculty, receive engraved medals and certificates of achievement, as well as acomplimentary one-year ABI membership. ABI Director Christopher F. Graham (ThacherProffitt & Wood; New York) is the program director.

William & Mary Law School’s Prof. A. Mechele Dickerson (r)presented the ABI Medal of Excellencecertificate to Rosa J. Evergreen.

Bankruptcy Certification

To locate certified specialists, please visit theABC Directory at www.abcworld.org.

New Bankruptcy Act Recognizes Value of Certification

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (S. 256),signed by President Bush in April 2005, includes a provision that allows bankruptcycourts to increase professional compensation awards to attorneys who are boardcertified. Specifically, the new law amends 11 U.S.C. §330(a)(3) to include a new sectionas follows:

with respect to a professional person, whether the person is board certified or otherwise has demonstrated skill and experience in the bankruptcy field . . .

Legislators and the courts recognize that thesuccessful operation of the bankruptcy systemdepends on the involvement of professionals withspecial expertise. Board certification provides asimple, meaningful and objective measure of skill andexpertise in the bankruptcy field. The American Boardof Certification (ABC) administers the only national

legal specialty certification programs in consumer bankruptcy law and businessbankruptcy law. The ABC Faculty Committee jumped to action after passage of the newlaw and began developing a new exam. All exams administered in 2006 will be based onthe new law.

ABA Recognition of Certification

In August 2004 the American Bar Association (ABA) House of Delegates grantedreaccreditation of the ABC business bankruptcy, consumer bankruptcy and creditors’ rightsprograms for an additional five years. The programs have been ABA accredited since 1993.Sixteen states recognize ABA accreditation as the sole or partial criteria for approvingcertifying organizations in the state. The ABA accreditation process includes a review ofexaminations, application requirements and organization policies and procedures.

OfficersProf. Paulette J. DelkUniversity of Memphis Cecil C. HumphreysSchool of LawMemphis, TN

William I. KohnSchiff Hardin & WaiteChicago, IL

Jill A. MichauxNeis & Michaux, PATopeka, KS

Dan MotsingerKrieg DeVault Alexander & CapehartIndianapolis, IN

Mark J. SheriffWiles, Boyle, Burkholder & Bringardner Co., LPAColumbus, OH

Bettie SousaSmith Debnam Narron Wyche Story & MyersRaleigh, NC

__________________

Executive DirectorMichelle L. Anderson

ChairRudy J. CeroneMcGlinchey Stafford, PLLCNew Orleans, LA

PresidentWilliam L. Norton IIIBoult, Cummings, Conners & Berry PLC, Nashville, TN

Vice PresidentBob BernsteinBernstein Law Firm, P.C.Pittsburgh, PA

TreasurerJoe PeifferDay, Rettig, Peiffer, JohansonCedar Rapids, IA

SecretaryLawrence R. Ahern, IIIGreenebaum Doll & McDonald PLLCNashville, TN

From left: Board MembersRobert Bernstein, John Penn,Candace Carlyon, RudyCerone, Bill Norton III andLarry Ahern.

Rebecca Case, Prof. PauletteDelk, Sam Delk and RichardCarmody.

Michelle Anderson and Rudy Cerone.

Current ABC Certifications Issued

Business Bankruptcy ....491Consumer Bankruptcy ..296Creditors’ Rights ..........114Total: 901

Finances

Dear Members:

During the 2004 calendar year, the American Bankruptcy Institute againstrengthened its financial position. As a result of growth in membership,the income from numerous educational programs and publications, andthe many contributions from supportive sponsors, total net assets haveincreased by approximately $560,000. This solid financial position shallpermit ABI to continue to implement and provide the highest quality andvaried programs for its current and future members.

Tate & Tryon issued financial statements for 2004 that were presented bythe Chief Financial Officer and me to the ABI Board of Directors at itsAnnual Spring Meeting last April. We reported that the independentauditors issued an unqualified "clean report" in conformity with generallyaccepted accounting principles. Our presentation to the Board highlightedthe growth and continued financial vitality of ABI.

James D. GreggTreasurer, American Bankruptcy Institute

2004 2003 Difference

RevenueMembership Dues $ 1,892,647 $ 1,630,758 $ 261,889Conference and Meeting Revenue 3,536,350 3,231,348 305,002Publication and Other Revenue 703,985 779,130 (75,145)Investment Income 138,995 88,624 50,371Contributions 176,919 199,895 (22,976)

TOTAL REVENUE 6,448,896 5,929,755 519,141

Program ExpensesConference and Meeting Expenses 2,642,202 2,353,721 288,481Publication and Other Expenses 989,488 1,031,357 (41,869)Research Projects and Grants 127,517 115,743 11,774Membership Services 320,477 328,719 (8,242)International Activities 13,551 16,065 (2,514)

Total Program Expenses 4,093,235 3,845,605 247,630

Supporting ExpensesGeneral and Administrative 1,567,946 1,427,836 140,110Membership Development 176,703 139,682 37,021Fundraising 52,281 41,109 11,172

Total Supporting Expenses 1,796,930 1,608,627 188,303

TOTAL EXPENSES 5,890,165 5,454,232 435,933

Change in Net Assets 558,731 475,523 83,208

Net Assets, Beginning of Year 2,618,846 2,143,323 475,523

NET ASSETS AT END OF YEAR $ 3,177,577 $ 2,618,846 $ 558,731

ABI Statement of Financial Position

$500,000 $1,500,000 $2,500,000 $3,500,000

1996

1997

1998

1999

2000

2001

2002

2003

2004

$244,700

$493,049

$768,266

$970,749

$1,344,459

$1,615,788

$2,143,323

$2,618,846

$3,177,576

Total Net AssetsABI’s dramatic growth in net

assets reflects our healthybalance sheet.

Endowment Fund Contributors

Through July 31, 2005

Century Council Members$25,000 and above

AlixPartners LLCJay Alix & Bettina M. Whyte

William A. BrandtDevelopment Specialists, Inc.

Bridge Associates LLCAnthony H. Schnelling

John William Butler, Jr.Skadden, Arps, Slate, Meagher & Flom, LLP

L.E. Creel IIICreel, Sussman & Moore, LLP

Harry D. Dixon, Jr.Dixon Attorneys International PC

Keen Consultants LLC

National Auctioneers AssociationRobert A. Shively & Larry Theurer

Visa USA, Inc.

Lifetime Members$10,000–$24,999

Andersen

A.S.K. Financial, Inc.Gregory S. Abrams & Joseph L. Steinfeld

Gerald P. BuccinoBuccino & Associates, Inc.

Mesirow Financial Consulting LLC

Mitchell H. CohenGordon Brothers Retail Partners LLP

Robert N. DangremondAlixPartners LLC

Sanford R. EdleinGlass & Associates, Inc.

Ford ElsaesserElsaesser, Jarzabek, Anderson,Marks & Elliott, Chtd.

Barbara A. Everly

James S. FeltmanMesirow Financial Consulting LLC

Steven G. GolickOsler, Hoskin & Harcourt, LLP

High Ridge PartnersPat Cavanaugh, Mike Eber & Nancy Ross

James B. MatthewsPrime Locations LLC

J. Robert MedlinFTI Consulting, Inc.

Leslie H. Miles, Jr.MB Valuation Services, Inc.

Morris-Anderson & Assoc., Ltd.Daniel F. Dooley & Baker A. Smith

John Tittle, Jr.XRoads Solutions Group

Wells Fargo Foothill

Prof. Robert M. ZinmanSt. John's University School of Law

Benefactors$5,000–$9,999

John W. AmesGreenebaum Doll & McDonald PLLC

Atlas Partners, LLCRoger “Biff” Ruttenberg

Becket & Lee LLP

Berman & Norton Breman, PASteven M. Berman

Joseph S.U. BodoffBodoff & Slavitt, LLP

Edward P. BondBederson & Company, LLP

Paul Bennett BranDickstein, Shapiro, Morin & Oshinsky LLP

Eric L. BrossmanSaul Ewing LLP

Hon. Leif M. ClarkU.S. Bankruptcy Court

Cohn, Whitesell & Goldberg LLPDaniel C. Cohn

Dickinson Wright PLLCDaniel F. Gosch

Executive Sounding Board Associates, Inc. Martin I. Katz

Robert M. FishmanShaw, Gussis, Fishman, Glantz, Wolfson & Towbin, LLC

Dion W. HayesMcGuireWoods LLP

Philip J. HendelHendel & Collins, PC

Kenneth C. HenryRTL Recovery Group, Inc.

The Hilco Organization

Hon. Lee M. JackwigU.S. Bankruptcy Court

Douglas JessopJessop & Company, PC

George M. KelakosICMB Ocean Tomo

William I. KohnSchiff Hardin & Waite

E. Bruce LeonardCassels Brock & Blackwell

James T. MarkusBlock, Markus & Williams

Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PCRichard E. Mikels & William W. Kannel

NachmanHaysBrownstein, Inc.Howard B. Brownstein

David L. OsiasAllen, Matkins, Leck, Gamble & Mallory

The Ozer Group & Paragon Capital, LLC Stephen G. Miller

Dawn RaganDeloitte

Patricia A. RedmondStearns Weaver, et al.

Robert P. ReynoldsReynolds, Reynolds & Duncan, LLC

Michael P. RichmanMayer, Brown, Rowe & Maw LLP

Rebecca A. RoofAlixPartners LLC

Thomas J. SalernoSquire, Sanders & Dempsey, LLP

Chester B. SalomonStevens & Lee PC

James Patrick SheaShea & Carlyon, Ltd.

William K. SnyderCorporate Revitalization Partners LLC

James H.M. SprayregenKirkland & Ellis LLP

Stutman, Treister & Glatt, PCMichael H. Goldstein

Harvey L. TepnerCompass Advisers, LLP

Richard N. Tilton

Togut, Segal & Segal LLPAlbert Togut

TRGMichael J. Epstein

J. Scott VictorSSG Capital Advisors LP

Prof. G. Ray WarnerSt. John's University School of Law

Robert H. WarshauerGiuliani Capital Advisors LLC

Bettina M. WhyteAlixPartners LLC

Prof. Jack F. WilliamsGeorgia State University/BDO Seidman LLP

Deborah WilliamsonCox Smith Matthews Inc.

Sustaining Members$2,000–$4,999

Sean AllenBMC Group

Jerald AncelSommer Barnard, PC

Arent Fox PLLCAndrew I. Silfen

Atwell, Curtis & Brooks Ltd./University Management Associates & Consultants Corporation

Melyssa BarrettVisa USA, Inc.

Gary D. BernhardyCarl Marks Consulting Group

Scott BernsteinSB Capital Group LLC

Matthew BordwinKeen Consultants LLC

C.R. “Chip” Bowles, Jr.Greenebaum, Doll & McDonald PLLC

Prof. Daniel U. BusselKlee, Tuchin, Bogdanoff & Stern, LLP

Andrew W. CainePachulski, Stang, Ziehl, Young,Jones & Weintraub, PC

Mary Jane Cardwell

Carl Marks Consulting Group LLCMark Claster

George B. CauthenNelson Mullins Riley & Scarborough, LLP

Rudy J. CeroneMcGlinchey Stafford PLLC

David D. ClearyMcDermott, Will & Emery

Alan CohenAbacus Advisors Group LLC

Howard S. CohenParente Randolph, LLC

John CollenDuane Morris LLP

Karen CordryNational Association of Attorneys General

James H. CossittAttorney & Counselor at Law

Jack J. CullenFoster Pepper & Shefelman, PLLC

H. Slayton DabneyKing & Spalding LLP

Hon. J. Michael DeasyU.S. Bankruptcy Court

Lisa Donahue & John PattonAlixPartners LLC

Holly Felder EtlinXRoads Solutions Group

Gus Michael Farinella

Robert E. Feidler

Tinamarie FeilBMC Group

Jean K. FitzSimonBridge Associates LLC

Allan FriedmanBowne & Co.

Don Jeffrey GelberGelber, Gelber, Ingersoll & Klevansky

Getzler Henrich & Associates LLCJoel Getzler

Leonard H. GilbertHolland & Knight, LLP

Peter GilhulyLatham & Watkins

Hon. William H. GindinU.S. Bankruptcy Court

Jeffrey GordonThe Gordon Company, Inc.

Christopher F. GrahamThacher Proffitt & Wood

Daniel Carl GreenRacine, Olson, Nye, Budge & Bailey

Wayne M. GreenwaldWayne Greenwald, PC

Hon. James D. GreggU.S. Bankruptcy Court

Nell Hennessy

Michael P. HoranAkerman Senterfitt

Dillon E. JacksonFoster Pepper & Shefelman, PLLC

Reginald W. JacksonVorys, Sater, Seymour & Pease, LLP

Alan M. JacobsAMJ Advisors LLC

J. James JenkinsRobbins Tapp Cobb & Assoc., PLLC

Soneet R. KapilaKapila & Company

Peter S. KaufmanGordian Group, LLC

Robert J. KeachBernstein, Shur, Sawyer & Nelson, PA

Danny C. KellyStoel Rives LLP

Richardo I. KilpatrickKilpatrick & Associates PC

Melissa Kibler KnollMesirow Financial Consulting LLC

Faye Knowles

Andrew A. KressKaye Scholer LLP

Forrest B. LammimanLord Bissell & Brook

Alan D. LaskoAlan D. Lasko & Associates PC

Latham & WatkinsRobert J. Rosenberg

Gerard J. LeimkuhlerWescott Strategic Management LLC

Joel H. LevitinDechert

Hon. William LipkinCozen O’Connor

Richard M. LorenzenPerkins Coie Brown & Bain, LLP

James M. LukendaHuron Consulting Group LLC

Hon. Raymond T. LyonsU.S. Bankruptcy Court

Jerry M. MarkowitzMarkowitz, Davis, Ringel & Trusty, PA

McDonald Hopkins Co., LPAShawn M. Riley

Josefina Fernandez McEvoySquire, Sanders & Dempsey LLP

Thomas M. MessanaRuden McClosky Smith Schuster & Russell, PA

Richard M. MethPitney, Hardin, Kipp & Szuch, LLP

Monzack & Monaco, PAFrancis A. Monaco, Jr.

Weldon L. Moore IIICreel, Sussman & Moore

Hon. C. Ray MullinsU.S. Bankruptcy Court

The Nassi Group LLCAlbert T. Nassi

David M. NeffPiper Rudnick, LLP

Neil P. OlackDuane Morris LLP

Olshan, Grundman, Frome, Rosenzweig & Wolosky, LLP

Michael P. O’NeilSommer Barnard, PC

Christian Carl OnsagerOnsager & Staelin

Gilbert C. OsnosRKG Osnos Partners LLC

Hon. John K. Pearson(Retired Judge)Hinkle Elkouri Law Firm LLC

Joseph A. PeifferDay Rettig Peiffer, PC

Scott PeltzAmerican Express Tax & Business Services

John D. PennHaynes and Boone, LLP

Thomas J. PettersRedtag, Inc.

Lisa M. PoulinFTI Consulting, Inc.

Craig V. RasileHunton & Williams LLP

Timothy T. Read

Jonathan ReichMichael Fox International

M. Freddie ReissFTI Consulting, Inc.

R.R. Donnelley FinancialJeff Cunix, Mark Haley, H.J. Paik & Brian Quinn

Joseph SametBaker & McKenzie LLP

David C. SchattensteinWiener and Wiener LLP

Jeffrey M. SchlerfThe Bayard Firm, P.A.

Keith J. ShapiroGreenberg Traurig, LLP

Brian L. ShawShaw, Gussis, Fishman, Glantz, Wolfson & Towbin, LLC

Sanford SigoloffSigoloff & Associates, Inc.

Edward J. SiskinBank of America Retail Finance Group

James E. SmithAttorney at Law

Frank A. SomersBank of America

Berry D. SpearsWinstead Sechrest & Minick PC

Hon. Wesley W. SteenU.S. Bankruptcy Court

Stonehill Group LLPDonald C. Swenson

Lynn Lewis TavennerTavenner & Beran, PLC

Troy TaylorAlgon Capital LLC

Thomson WestSusan Rinebold

Deborah L. ThorneBarnes & Thornburg

United Way of Miami-DadeLawrence M. SchantzAdorno & Yoss, PA

Lynnette R. WarmanJenkens & Gilchrist

Warner, Stevens & Doby LLPMichael Warner

Hon. Eugene R. WedoffU.S. Bankruptcy Court

Stephen D. WheelisWheelis & Rozanski

Bryan J. WickWick Phillips, LLP

Colin W. WiedC.W. Wied PC

Joseph J. WielebinskiMunsch, Hardt, Kopf & Harr PC

R. Scott WilliamsHaskell Slaughter

Louis A. Zircher

2005–2006 Board of Directors

Bettina M. Whyte*ChairAlixPartners LLCNew York, New York

Michael P. Richman*Immediate Past-PresidentMayer, Brown, Rowe & Maw LLPNew York, New York

John D. Penn*President (Term to April 2006)Haynes and Boone LLPFort Worth, Texas

Hon. Wesley W. Steen*President-ElectU.S. Bankruptcy CourtHouston, Texas

John W. Ames*Vice President – PublicationsGreenebaum, Doll & McDonald PLLCLouisville, Kentucky

George M. Kelakos*Vice President – International AffairsICMB Ocean TomoGreenwich, Connecticut

Melissa Kibler Knoll*Vice President – MembershipMesirow Financial Consulting LLCChicago, Illinois

Neil P. Olack*Vice President – EducationDuane Morris LLPAtlanta, Georgia

Hon. Steven W. Rhodes*Vice President – Research/GrantsU.S. Bankruptcy CourtDetroit, Michigan

Anthony H.N. Schnelling*Vice President – DevelopmentBridge Associates LLCNew York, New York

Dillon E. Jackson*SecretaryFoster Pepper PLLCSeattle, Washington

Hon. James D. Gregg*TreasurerU.S. Bankruptcy CourtGrand Rapids, Michigan

Lawrence R. Ahern IIIGreenebaum, Doll & McDonald PLLCNashville, Tennessee

Melyssa R. BarrettVisa USA Inc.San Francisco, California

Geoffrey L. BermanDevelopment Specialists Inc.Los Angeles, California

Matthew BordwinKeen Consultants LLCGreat Neck, New York

Mark V. BossiThompson Coburn LLPSt. Louis, Missouri

Prof. Ralph E. Brubaker*University of Illinois College of LawChampaign, Illinois

Andrew W. Caine Pachulski, Stang, Ziehl, Young, Jones

& Weintraub PCLos Angeles, California

Mitchell H. CohenGordon Brothers Group LLCBoston, Massachusetts

Francis J. ConwayNavigant Consulting Inc.New York, New York

William DerroughJefferies & Company Inc.New York, New York

Mitchell E. DruckerCIT Group Inc.New York, New York

Sanford R. EdleinGlass & Associates Inc.Dallas, Texas

Hon. Joan N. FeeneyU.S. Bankruptcy CourtBoston, Massachusetts

James S. FeltmanMesirow Financial Consulting LLCMiami, Florida

Hon. Judith K. FitzgeraldU.S. Bankruptcy CourtPittsburgh, Pennsylvania

Steven G. Golick Osler, Hoskin & Harcourt LLPToronto, Ontario

Christopher F. GrahamThacher Proffitt & Wood LLPNew York, New York

Hon. David W. Houston IIIU.S. Bankruptcy CourtAberdeen, Mississippi

Reginald W. Jackson*Vorys, Sater, Seymour and Pease LLPColumbus, Ohio

Peter S. KaufmanGordian Group LLCNew York, New York

Robert J. KeachBernstein, Shur, Sawyer & Nelson PAPortland, Maine

Richardo I. KilpatrickKilpatrick & Associates PCAuburn Hills, Michigan

Joel H. LevitinDechert LLPNew York, New York

James T. Markus*Block Markus & Williams LLCDenver, Colorado

Elizabeth J. MarshallFord Motor Credit Co.Deerfield Beach, Florida

Josefina Fernandez McEvoySquire, Sanders & Dempsey LLPLos Angeles, California

J. Robert MedlinFTI Consulting Inc.Dallas, Texas

Richard E. MikelsMintz, Levin, Cohn, Ferris, Glovsky

& Popeo PCBoston, Massachusetts

Benjamin L. NortmanHilco Trading Co. Inc.Northbrook, Illinois

Colleen A. PalmerGE Commercial Finance Corporate Financial ServicesLondon, England

Nancy A. PetermanGreenberg Traurig LLPChicago, Illinois

Jeffrey N. PomerantzPachulski, Stang, Ziehl, Young, Jones

& Weintraub PCLos Angeles, California

John RaoNational Consumer Law CenterBoston, Massachusetts

Patricia A. RedmondStearns, Weaver, Miller, et al.Miami, Florida

Hon. Linda B. RiegleU.S. Bankruptcy CourtLas Vegas, Nevada

Susan RineboldThomson WestRochester, New York

Rebecca A. RoofAlixPartners LLCNew York, New York

Robert J. RosenbergLatham & Watkins LLPNew York, New York

Nancy A. RossHigh Ridge Partners Inc.Chicago, Illinois

Chester B. SalomonStevens & Lee PCNew York, New York

Joseph SametBaker & McKenzie LLPNew York, New York

Sandra L. SchirmangKraft Foods Global Inc.Northfield, Illinois

Brian L. ShawShaw Gussis Fishman Glantz Wolfson

& Towbin LLCChicago, Illinois

James Patrick SheaShea & Carlyon Ltd.Las Vegas, Nevada

John Tittle Jr.XRoads Solutions Group LLCDallas, Texas

Lynnette R. WarmanJenkens & Gilchrist PCDallas, Texas

Robert H. WarshauerGiuliani Capital Advisors LLCNew York, New York

Hon. Eugene R. Wedoff*U.S. Bankruptcy CourtChicago, Illinois

Samuel J. GerdanoExecutive DirectorAmerican Bankruptcy InstituteAlexandria, Virginia

* Denotes Executive Committee Member

ABI Staff

Executive Director/Chief Operating OfficerDeputy Executive Director/General Counsel

Chief Financial OfficerAccounting ManagerStaff AccountantAccounts Receivable

Director of Administration

Communications CoordinatorCommunications AssistantStrategic Communications ManagerManager of Online TechnologyWeb AssistantGraphic Designer

Staff Assistant/Publications Fulfillment

Director of MembershipMembership Retention ManagerMembership SpecialistMembership Assistant

Samuel J. Gerdano, Esq.Ann vom Eigen, Esq.

Kathy L. SheehanPatty SaduskyAlexandra AbrahamMonica Brown

Mary Kleppinger

Carolyn M. KanonCourtney ReyersLissa D. HurwitzKarim GuirguisErica PetersonSusan Druzak

Pat Noboa

Christopher S. ThackstonKimberly A. Hay, CCSPEmily GainesLarissa Mendes

Marketing CoordinatorDirector of Special ProjectsPartnership Coordinator

Meeting PlannerMeeting PlannerMeeting PlannerMeeting Planner

Sharisa L. SloanCaroline R. MilaniRali Mileva

Jennifer AversanoJennifer DugasJohn C. GoodJennifer Walker

Patricia Noboa, Lissa Hurwitz, Karim Guirguis,Susan Druzak, Erica Peterson, Courtney Reyersand Carolyn Kanon.

Kathy Sheehan, Alexandra Abraham, MonicaBrown, Mary Kleppinger and Patty Sadusky.

Sharisa Sloan, Caroline Milani and Rali Mileva.

Christopher Thackston, Kimberly Hay, LarissaMendes and Emily Gaines.

Ann vom Eigen

John Good, Jennifer Dugas, Jennifer Walker and Jennifer Aversano.

Committees

Alternative DisputeResolution

Hon. Barbara J. HouserU.S. Bankruptcy Court1100 Commerce St.Suite 1254Dallas, TX 75242(214) 753-2055(214) 753-2057 faxjudge_barbara_houser@txnb.

uscourts.gov

Lester J. LevyJAMS2 Embarcadero Ctr., Suite 1100San Francisco, CA 94111-3802(415) 982-5267(415) 982-5287 faxllevy@jamsadr.com

Asset Sales

Weston AnsonCONSOR7342 Girard Ave.Suite 8La Jolla, CA 92037-5159(858) 454-9091 x207(858) 454-7819 faxwanson@consor.com

David PeressXRoads Solutions Group, LLC400 Madison Avenue, 3rd FloorNew York, NY 10017(212) 610-5625(212) 610-5601 faxdperess@xroadsllc.com

Bankruptcy Litigation

Hon. Barry RussellU.S. Bankruptcy Court255 E. Temple St., Suite 1660Los Angeles, CA 90012(213) 894-6091barry_russell@cacb.uscourts.gov

Evan SlavittBodoff & Slavitt LLP225 Friend St.Boston, MA 02114-1812(617) 742-7300(617) 742-9969 faxeslavitt@bodoffslavitt.com

Bankruptcy Taxation

David Howard SteinDuane Morris LLP744 Broad St., Suite 1200Newark, NJ 07102(973) 424-2022(973) 424-2001 faxdhstein@duanemorris.com

Business Reorganization

Robert J. KeachBernstein, Shur, Sawyer

& Nelson, PA100 Middle St.PO Box 9729Portland, ME 04104(207) 774-1200(207) 774-1127 faxrkeach@bssn.com

Bradley D. SharpDevelopment Specialists, Inc.333 S. Grand Ave., Suite 2010Los Angeles, CA 90071-1524(213) 617-2717(213) 617-2718 faxbsharp@dsi.biz

Subcommittee on Insurance,Construction & Surety

J. Gregg MillerPepper Hamilton LLP2 Logan Square, Suite 3000Philadelphia, PA 19103-2711(215) 981-4085(215) 981-4750 faxmillerj@pepperlaw.com

Subcommittee on Hospitality,Entertainment Venues & Gaming

Rudy J. CeroneMcGlinchey Stafford, PLLC643 Magazine St.New Orleans, LA 70130-3405(504) 596-2786(504) 596-2760 faxrcerone@mcglinchey.com

Subcommittee on SmallBusiness

Deborah A. CrabbeFoster, Pepper

& Shefelman, PLLC1111 Third Ave., Suite 3400Seattle, WA 98101-3264(206) 447-5325(206) 749-2009 faxcrabd@foster.com

Commercial Fraud Task Force

Sandra T. RasnakOffice of the U.S. Trustee227 W. Monroe St., Suite 3350Chicago, IL 60606-5025(312) 886-5784(312) 886-5794 faxsandra.rasnak@usdoj.gov

Jack SewardJack Seward Associates, LLC433 W. 24th St., Suite 1DNew York, NY 10011(917) 450-9328(212) 656-1486 faxjackseward@msn.com

Consumer Bankruptcy

Hon. Dennis R. DowU.S. Bankruptcy CourtCharles Evans Whittaker

Courthouse400 E Ninth St., Room 6562Kansas City, MO 64106-2607(816) 512-1880(816) 512-1893 faxdennis_dow@mow.uscourts.gov

Hon. Thomas F. WaldronU.S. Bankruptcy Court120 W. Third St.Dayton, OH 45402(937) 225-2863(937) 255-2705 faxthomas_waldron@ohsb.

uscourts.gov

Dennis J. LeVineDennis LeVine & Associates, PAPO Box 707Tampa, FL 33601-0707(813) 253-0777(813) 253-0975 faxdennis@bcylaw.com

Thomas J. YerbichU.S. District CourtPO Box 210507222 W. 7th Ave., Stop 4Anchorage, AK 99513-7504(907) 677-6136(907) 274-5794 faxyerblaw@alaska.com

Court Administration

Hon. Cecelia G. MorrisU.S. Bankruptcy Court176 Church St.Poughkeepsie, NY 12601-4165(845) 452-3728(845) 452-5031 faxjudge_morris@nysb.uscourts.gov

Lynn Lewis TavennerTavenner & Beran, PLC1015 E Main St., 1st FloorRichmond, VA 23219-3527(804) 783-8300(804) 783-0178 faxltavenner@tb-lawfirm.com

Ethics

Richard P. CarmodyAdams and Reese LLP2100 Third Ave. N., Suite 1100Birmingham, AL 35203(205) 250-5033(205) 250-5034 faxrichard.carmody@arlaw.com

Richard M. MethPitney Hardin LLP200 Campus Dr.Florham Park, NJ 07932(973) 966-8319(973) 966-1015 faxrmeth@pitneyhardin.com

Finance and Banking

Peter AntoszykBrown Rudnick Berlack Israels1 Financial Ctr., Suite 1802745 Atlantic Ave.Boston, MA 02111(617) 856-8513(617) 856-8201 faxpantoszyk@brownrudnick.com

Mark D. CollinsRichards, Layton & Finger, PAOne Rodney Square, 2nd FloorPO Box 551Wilmington, DE 19899-0551(302) 651-7531(302) 651-7701 faxcollins@rlf.com

Financial Advisors

Rebecca A. RoofAlixPartners LLC9 W. 57th St., Suite 3420New York, NY 10019-2701(212) 297-6321(212) 490-1344 faxbroof@alixpartners.com

Health Care

William W. KannelMintz, Levin, Cohn, Ferris,

Glovsky & Popeo, PC1 Financial Ctr., 39th FloorBoston, MA 02111-2621(617) 348-1665(617) 542-2241 faxwkannel@mintz.com

Samuel R. MaizelPachulski, Stang, Ziehl, Young,

Jones & Weintraub PC10100 Santa Monica BlvdSuite 1100Los Angeles, CA 90067-4111(310) 277-6910(310) 201-0760 faxsmaizel@pszyjw.com

International

George M. KelakosICMB Ocean Tomo Two Sound View DriveSuite 100 Greenwich, CT 06830 (917) 981-9630 (203) 622-3902 (fax) gkelakos@oceantomo.com

Josefina Fernandez McEvoySquire, Sanders & Dempsey, LLP801 S. Figueroa St., 14th FloorLos Angeles, CA 90017-5554(213) 689-5120(213) 623-4581 faxjmcevoy@ssd.com

Ian G. WilliamsEdwards Geldard44 The RopewalkNottingham, NG1 5ELEngland44 115 840 449944 115 840 4500 faxian.williams@geldards.co.uk

Investment Banking

James D. DeckerHoulihan Lokey Howard & Zukin3475 Piedmont Rd. NE, Suite 950Atlanta, GA 30305-2991(404) 495-7012(404) 233-1460 faxjdecker@hlhz.com

Peter S. KaufmanGordian Group, LLC499 Park Ave., 5th FloorNew York, NY 10022-1240(212) 486-3600(212) 486-3616 faxpsk@gordiangroup.com

Law School

Christopher F. GrahamThacher Proffitt & Wood LLP2 World Financial Ctr.New York, NY 10281-1008(212) 912-7669(212) 912-7751 faxcgraham@thacherproffitt.com

Prof. G. Ray WarnerSt. John's University/

Greenberg Traurig, LLP8000 Utopia Pkwy.Jamaica, NY 11439(718) 990-6620(718) 591-1855 faxwarnerg@stjohns.edu

Prof. Robert M. ZinmanSt. John’s University School

of Law8000 Utopia Pkwy.Jamaica, NY 11439-0002(718) 990-6646(718) 990-2199 faxzinmanr@stjohns.edu

Legislation

Hon. David W. Houston, IIIU.S. Bankruptcy Court703 Hwy. 145 NorthAberdeen, MS 39730(662) 369-2624(662) 369-2635 faxdavid_houston@msnb.uscourts.gov

R. Scott WilliamsHaskell Slaughter Young

& Rediker, LLC2001 Park Pl. N., Suite 1400Birmingham, AL 35203-2700(205) 254-1435(205) 324-1133 faxrsw@hsy.com

Mass Torts

Richard CohenGCG6525 W. Campus Oval, Suite 175New Albany, OH 43054(614) 289-5410(614) 289-5411 faxrich.cohen@gardencitygroup.com

Theodore L. FreedmanKirkland & Ellis LLP153 E. 53rd St.New York, NY 10022-4611(212) 446-4934(212) 446-4900 faxtfreedman@kirkland.com

David B. WheelerMoore & Van Allen, PLLC40 Calhoun St., Suite 300Charleston, SC 29401(843) 579-7015(843) 579-8727 faxdavidwheeler@mvalaw.com

Professional Compensation

C.R. "Chip" Bowles Jr.Greenebaum Doll

& McDonald PLLCNational City Twr.101 S. Fifth St., Suite 3500Louisville, KY 40202(502) 587-3746(502) 540-2274 faxcrb@gdm.com

Thomas A. MorrowAlixPartners LLC2000 Town Ctr., Suite 2400Southfield, MI 48075-1250(248) 358-4420(248) 358-1969 faxtmorrow@alixpartners.com

Public Companies and Claims Trading

Geoffrey GroshongMiller Nash LLP601 Union St., Suite 4400Seattle, WA 98101-2352(206) 622-8484(206) 622-7485 faxgeoff.groshong@millernash.com

Glenn E. SiegelDechert LLP30 Rockefeller Plz., 23rd FloorNew York, NY 10112-2200(212) 698-3569(212) 698-3599 faxglenn.siegel@dechert.com

Real Estate

John CollenDuane Morris LLP227 W. Monroe St., Suite 3400Chicago, IL 60606-5098(312) 449-6783(312) 449-6701 faxjcollen@duanemorris.com

Alec P. OstrowStevens & Lee, PC485 Madison Ave., 20th FloorNew York, NY 10022-5803(212) 537-0402(212) 319-8505 faxapo@stevenslee.com

Technology andTelecommunication Cases

Joel H. LevitinDechert LLP30 Rockefeller Plz.New York, NY 10112-2200(212) 698-3558(212) 698-3599 faxjoel.levitin@dechert.com

William K. SnyderCorporate Revitalization

Partners, LLC13355 Noel Rd., Suite 1825Dallas, TX 75240-6835(972) 702-7333(972) 702-7334 faxwsnyder@crpllc.net

Unsecured Trade Creditors

Douglas G. FoxBosch Rexroth Corporation2315 City Line Rd.Bethlehem, PA 18017-2131(610) 694-8250(610) 954-8631 faxdoug.fox@boschrexroth-us.com

Bruce S. NathanLowenstein Sandler PC1251 Avenue of the AmericasNew York, NY 10020-5430(212) 262-6700(973) 422-6851 faxbnathan@lowenstein.com

Deborah L. ThorneBarnes & Thornburg LLP1 N. Wacker Dr., Suite 4400Chicago, IL 60606-2841(312) 214-8307(312) 759-5646 faxdthorne@btlaw.com

Uniform Commercial Code

Mark V. BossiThompson Coburn LLPOne US Bank Plz., Suite 3200St. Louis, MO 63101(314) 552-6015(314) 552-7015 faxmbossi@thompsoncoburn.com

Brent R. CohenRothgerber Johnson & Lyons LLP1200 17th St., Suite 3000Denver, CO 80202-5855(303) 628-9521(303) 623-9222 faxbcohen@rothgerber.com

Young and New Members

Douglas E. DeutschChadbourne & Parke LLP30 Rockefeller Plz.New York, NY 10112-0129(212) 408-5169(214) 541-5369 faxddeutsch@chadbourne.com

Nir GabrielyBrown Gibbons Lang & Co., LP1111 Superior Ave., Suite 900Cleveland, OH 44114-2527(216) 241-2800(216) 241-7417 faxngabriely@bglco.com

Brian L. ShawShaw, Gussis, Fishman, Glantz,

Wolfson & Towbin, LLC321 N. Clark St., Suite 800Chicago, IL 60607(312) 541-0151(312) 980-3888 faxbshaw100@shawgussis.com

AMERICANBANKRUPTCYINSTITUTE

44 Canal Center Plaza, Suite 404 Alexandria, VA 22314-1592(703) 739-0800 • fax (703) 739-1060E-mail: info@abiworld.org www.abiworld.org

2005 Partners