Is It Good for Unions to Be on Creditors’ Committees?
An unsecured creditors’ committee is supposed to be representative of the interests of a diverse group of unsecured creditors with an interest in the outcome of a debtor’s reorganization or “fresh start.” Landlords with lease-rejection claims, parties to rejected equipment leases, trade creditors, unsecured bondholders and the Pension Benefit Guaranty Corporation are a few examples.
Each constituency represented on a committee has a unique perspective, as does each committee member. That is partly because each of them has access to different information—typically from different sources within debtor’s management or from different debtor professionals. Some persons may deal with Human Resources, others with the chief financial officer, and some with the debtor’s investment banker or legal counsel. On top of that, each constituency has its own network for accessing information. These networks include the debtor’s competitors, other vendors to the debtor, trade associations and the debtor’s employees, to name a few.
New and Improved! ABI’s Committee Website has Moved
You may have noticed a few changes to the committee site over the last week, including a new location. The committees’ webpages have now been integrated into the main ABI website. To access these new pages, simply visit abi.org, hover over the “Membership” tab, and click on “Committees.” Here, you will be able to access newsletter articles, recent recordings, announcements, listserve activity and contact information for your leadership team.
Not sure of what committees you are a member? Update your profile, select the “Committees” tab and use the check boxes to update your status. While you’re here, take a few moments to update your full preferences, including CLE and bar information, contact information, title, and more. Uploading a professional photo is also a great way to make yourself more visible in the directory. Not only will your photo be included in the directory, but ABI staff will also have it available for use with any future article or speaking bylines.
Have comments, questions or concerns? Email us through our new support system: email@example.com.