Legislation

President’s Column This, my final President’s Column, is all about moments. They come in all sorts of shapes and sizes. One of my favorite expressions from listening to the radio is a “driveway moment.” In the context of car radios, it’s when you’ve already pulled into

Congress Passes “Bankruptcy Administration Improvement Act” The House of Representatives passed (voice vote) S. 3424, the “Bankruptcy Administration Improvement Act of 2025,” 1 to double the compensation payable to chapter 7 trustees in no-asset cases, extend the sunset

Event Roundup ABI’s Annual Health Care Program Returns to DC ABI’s Health Care Program, a one-of-a-kind conference focusing on the future of health care and the latest on restructurings in this critical industry, returned to its roots in Washington, D.C., Oct. 22-23 at

Health Savings Accounts Should Be Fully Exempt in Bankruptcy from the Reach of Creditors By Dr. Michael D. Sousa The U.S. currently stands on the precipice of a national health insurance crisis where millions of Americans are experiencing a dramatic rise in their

The New Value Corollary to the Absolute-Priority Rule Codified for Individuals in Chapter 11 By Donald L. Swanson The absolute-priority rule has always prevented individuals from reorganizing under chapter 11. The absolute-priority rule is a chapter 11 plan-confirmation

Legislative Highlights Bipartisan Legislation Introduced to Double Chapter 7 Trustee Compensation for No-Asset Cases Sen. Chris Coons (D-Del.) on May 7 introduced S. 1659, the “Bankruptcy Administration Improvement Act of 2025,” 1 to double the compensation payable to

The Case for Standing Chapter 13 Trustee Fee Retention in Pre-Confirmation Dismissals By Daryl J. Smith Chapter 13 is an essential component of the U.S. consumer bankruptcy system, offering debtors an opportunity to reorganize their finances and repay creditors over

Legislative Highlights N.Y. Fed: U.S. Household Debt Increased 1 Percent in Q1 2025; Student Loan Delinquencies Rise Sharply The Federal Reserve Bank of New York’s Center for Microeconomic Data on May 13 1 issued its Quarterly Report on Household Debt and Credit, which

Legislative Highlights Senators Introduce Bipartisan Bill to Protect Employees When Businesses File for Bankruptcy U.S. Senate Democratic Whip Dick Durbin (D-Ill.), Ranking Member of the Senate Judiciary Committee, and U.S. Sen. Josh Hawley (R-Mo.) on April 9 1 re

Legislative Highlights Trump Administration Removes Tara Twomey as EOUST Director The Justice Department removed multiple senior career officials on March 7, 1 including Tara Twomey, the head of the Executive Office for U.S. Trustees (EOUST). Jeffrey Ragsdale, the head