PRACTICE SECTIONS
The CLLA Bankruptcy Section
Find A CLLA Attorney
Find A CLLA Certified Agency
Find A CLLA Agency
Find A CLLA Professional
PRACTICE SECTIONS
The CLLA Bankruptcy Section
Find A CLLA Attorney
Find A CLLA Certified Agency
Find A CLLA Agency
Find A CLLA Professional
The CLLA Bankruptcy Section
The Bankruptcy Section (BKS) was founded to promote excellence in the practice of bankruptcy and insolvency law. Its members are amongst the highest regarded bankruptcy attorneys in the United States.
BKS members have provided numerous Amicus Briefs and position papers as well as testified before Congressional committees on bankruptcy issues. BKS position papers have been recognized as one of the sole organizations committed to non-partisan commentary on the proposed changes to the Bankruptcy Code.
The Section co-sponsors the highly acclaimed “Current Developments in Hot and Emerging Areas in Bankruptcy” annually at the National Conference of Bankruptcy Judges (NCBJ).
The BKS has an Executive Council comprised of 15 members. The BKS Chair automatically matriculates to the CLLA Board of Governors upon the expiration of their term as Chair.
CLLA Hill Day 2025
Critical Issues List 2022: Bankruptcy Section for Commercial Law League of America
This paper contains recommendations from the Bankruptcy Section for the Commercial Law League of America for proposed legislative and regulatory actions. The proposals are not meant to be definitive positions, but rather are designed to identify issues and areas of concern for further development and appropriate legislative action.
VeraSun Ethanol Bankruptcy
Posted on YouTube by Ag & Business Legal Strategies
On October 31, 2008, during the height of corn harvest season, VeraSun Energy, the nation’s largest ethanol company with headquarters in Sioux Falls, South Dakota and having 17 plants in 8 Midwestern states filed its Chapter 11 bankruptcy in Wilmington, Delaware. Over 7,800 corn contract holders were listed as creditors, with approximately 6,000 of them from Iowa. The filing caused havoc for the corn farmers who had planned to sell their corn to VeraSun pursuant to corn procurement contracts. The bankruptcy allowed VeraSun to determine whether to assume or reject the contracts through the date of confirmation of its plan, while the farmers were not allowed to sell their corn elsewhere without running the risk that if the market improved VeraSun could demand that the corn farmers honor their contracts. VeraSun was allowed to file its bankruptcy in Delaware as one of its affiliates was organized in Delaware, therefore, all related companies could also file bankruptcy in Delaware. If the case had been filed in Sioux Falls, South Dakota, the farmers could have taken part in the bankruptcy in a meaningful way, which was not possible with the case having deliberately been filed over 1,100 miles from the corporate headquarters in Sioux Falls, South Dakota.
Click on the video above or visit: https://youtu.be/7GdifLvuRdw?si=6rFbkyZtwH-_8pWz.
Bankruptcy Section Chair
Kirk Burkley
Bernstein-Burkley, P.C.
Pittsburgh, PA
kburkley@bernsteinlaw.com
Chair Elect
Randall Woolley
Darcy & Devassy, P.C.
Chicago,IL
rwoolley@darcydevassy.com
Secretary
Joan Feeney
JAMS
Boston,MA
jfeeney@jamsadr.com
Immediate Past Chair
Candice Kline
University of Toledo College of Law
Maumee, OH
candice.kline@utoledo.edu
Creditors' Rights Section
The Creditors’ Rights Section (CRS) was founded to promote excellence amongst those professionals who represent creditors in the field of commercial collections and receivables recovery and provide a high level of education to those professionals.
Agency Members Section
The Agency Members Section (AMS) gives a voice for all the CLLA Agency Members to share ideas and thoughts on national education, legislative advocacy, and how best to serve the collection agency constituency.
New Member's Section
The New Members’ Section (NMS) will promote and foster a spirit of cooperation, education and assistance among and between The New Members of the League and other members, and allow The New Members a voice within the League.
Association Of Law List Publishers
The Association of Law List Publishers (ALLP), established in 1935, is an organization of the publishers of reference directories which contain names of lawyers handling commercial and consumer debt recovery, bankruptcy and creditors’ rights law matters. The members of the Association continually work to promote the Commercial Law League of America, the triadic system and to enhance the creditors’ rights practices of their listees.
REFER A MEMBER
If you are a member, receive a $50 Visa Gift Card for every member you refer who joins! CLICK HERE to refer a new member.
The CLLA Bankruptcy Section
The Bankruptcy Section (BKS) was founded to promote excellence in the practice of bankruptcy and insolvency law. Its members are amongst the highest regarded bankruptcy attorneys in the United States.
BKS members have provided numerous Amicus Briefs and position papers as well as testified before Congressional committees on bankruptcy issues. BKS position papers have been recognized as one of the sole organizations committed to non-partisan commentary on the proposed changes to the Bankruptcy Code.
The Section co-sponsors the highly acclaimed “Current Developments in Hot and Emerging Areas in Bankruptcy” annually at the National Conference of Bankruptcy Judges (NCBJ).
The BKS has an Executive Council comprised of 15 members. The BKS Chair automatically matriculates to the CLLA Board of Governors upon the expiration of their term as Chair.
CLLA Hill Day 2025
Critical Issues List 2022: Bankruptcy Section for Commercial Law League of America
This paper contains recommendations from the Bankruptcy Section for the Commercial Law League of America for proposed legislative and regulatory actions. The proposals are not meant to be definitive positions, but rather are designed to identify issues and areas of concern for further development and appropriate legislative action.
VeraSun Ethanol Bankruptcy
Posted on YouTube by Ag & Business Legal Strategies
On October 31, 2008, during the height of corn harvest season, VeraSun Energy, the nation’s largest ethanol company with headquarters in Sioux Falls, South Dakota and having 17 plants in 8 Midwestern states filed its Chapter 11 bankruptcy in Wilmington, Delaware. Over 7,800 corn contract holders were listed as creditors, with approximately 6,000 of them from Iowa. The filing caused havoc for the corn farmers who had planned to sell their corn to VeraSun pursuant to corn procurement contracts. The bankruptcy allowed VeraSun to determine whether to assume or reject the contracts through the date of confirmation of its plan, while the farmers were not allowed to sell their corn elsewhere without running the risk that if the market improved VeraSun could demand that the corn farmers honor their contracts. VeraSun was allowed to file its bankruptcy in Delaware as one of its affiliates was organized in Delaware, therefore, all related companies could also file bankruptcy in Delaware. If the case had been filed in Sioux Falls, South Dakota, the farmers could have taken part in the bankruptcy in a meaningful way, which was not possible with the case having deliberately been filed over 1,100 miles from the corporate headquarters in Sioux Falls, South Dakota.
Click on the video above or visit: https://youtu.be/7GdifLvuRdw?si=6rFbkyZtwH-_8pWz.
Bankruptcy Section Chair
Kirk Burkley
Bernstein-Burkley, P.C.
Pittsburgh, PA
kburkley@bernsteinlaw.com
Chair Elect
Randall Woolley
Darcy & Devassy, P.C.
Chicago,IL
rwoolley@darcydevassy.com
Secretary
Joan Feeney
JAMS
Boston,MA
jfeeney@jamsadr.com
Immediate Past Chair
Candice Kline
University of Toledo College of Law
Maumee, OH
candice.kline@utoledo.edu
Creditors' Rights Section
The Creditors’ Rights Section (CRS) was founded to promote excellence amongst those professionals who represent creditors in the field of commercial collections and receivables recovery and provide a high level of education to those professionals.
Agency Members Section
The Agency Members Section (AMS) gives a voice for all the CLLA Agency Members to share ideas and thoughts on national education, legislative advocacy, and how best to serve the collection agency constituency.
New Members' Section
The New Members’ Section (NMS) will promote and foster a spirit of cooperation, education and assistance among and between The New Members of the League and other members, and allow The New Members a voice within the League.
Association Of Law List Publishers
The Association of Law List Publishers (ALLP), established in 1935, is an organization of the publishers of reference directories which contain names of lawyers handling commercial and consumer debt recovery, bankruptcy and creditors’ rights law matters. The members of the Association continually work to promote the Commercial Law League of America, the triadic system and to enhance the creditors’ rights practices of their listees.
REFER A MEMBER
If you are a member, receive a $50 Visa Gift Card for every member you refer who joins! CLICK HERE to refer a new member.
