ABA Fall 2015 National Legal Malpractice Conference
September 17, 2015 / Location: Scottsdale, AZ
Joe Kingma moderated a panel and presented “Zone of Insolvency or Twilight Zone?” at the ABA Fall 2015 National Legal Malpractice Conference on Thursday, September 17th at the Fairmont Scottsdale Princess in Scottsdale, AZ.
While consumer bankruptcies are down, it might take just one nice, juicy business failure to bring your law firm, or your insurance policy, to an end. If a law firm’s client goes bankrupt, the firm goes on the hit list of potential defendants with assets, and bankruptcy court sometimes seems designed to bring your assets into the estate without much consideration of liability. Trustees are smart and hyper-aggressive plaintiffs, and bankruptcy judges are often very close with the Trustees.
Panel members discussed bankruptcy court matters such as 2004 exams, withdrawing the reference, core proceeding, and zone of insolvency. The session provided insight on ways to stay out of bankruptcy court as well as strategies to use the system to your advantage and find your way back to solid ground. Speakers included Rob Charles, Partner, Lewis Roca Rothgerber, Tucson, AZ Johannes Kingma, Partner, Carlock, Copeland & Stair LLP, Atlanta, GA Allison McCabe, Senior Claims Examiner, Aspen Insurance, New York, NY.