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The Preliminary Report of the ABI Task Force on Individual Chapter 11

The 2016 Preliminary Report of the ABI Task Force on Individual Chapter 11 (senior counsel to the firm Michael J. Guyerson was a Task Force Member) provides some interesting insights into the individual chapter 11 process,who is filing them and why they are being filed. Funding for the Study was provided by a grant from the ABI Anthony H.N. Schnelling Endowment Fund. The Final Report has yet to be published. The draft report is available on abi.org.

The study looked at chapter 11 cases filed in 2010 and 2013, over 6,666 individual cases filed in 78 judicial districts were examined and covered by the study. The Task Force choose to look at cases filed in 2010 because those cases were likely to have some quantifiable results; 2013 was selected because of the impact of the financial collapse of 2010 and the feeling that by 2013 that impact would be meaningful measured as well.

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