Business Credit Magazine July/August 2014 | Page 6

I N T H I S I ss u e

Jacob Barron, CICP

Checking in on ABI’s Chapter 11
Reform Commission—Part 1

G

An Introduction and Thoughts on Preferences

Geoff Berman, a commissioner on the American Bankruptcy Institute (ABI) Commission to Study the Reform
of Chapter 11, warned attendees not to get their hopes
up. “If someone wants to raise a hand and ask a question
‘what is the Commission going to do about the burden
of proof in preferences?’ the answer is ‘we don’t know
yet,’” Berman said, speaking to the attendees from his
home, having Skyped in for the presentation. “We can’t
and won’t answer that for you, because we don’t know. It
hasn’t been decided.”
It ended up being true that attendees of the ABI followup session, hosted at June’s 118th NACM Credit Congress (see coverage starting on page 28) and presented
by Berman, Bruce Nathan, Esq., Ronald Peterson and
Commission Reporter Michelle Harner, would not
leave with much in the way of extra, priv