ABI Supports Passage of Three New Bankruptcy Bills

Thursday, August 15, 2019

ABI Supports Passage of Three New Bankruptcy Bills

Petition to file for bankruptcy

For more than three decades, Norman Kinel has practiced bankruptcy law in the Greater New York City area. He is currently a partner at Squire Patton Boggs, LLP, handling bankruptcy, and restructuring cases. Active in his professional community, Norman Kinel belongs to the American Bankruptcy Institute (ABI).

Since 1982, ABI has provided bankruptcy attorneys, judges, lenders, and other professionals with continuing education opportunities, legal research information, and networking events. Recently, the organization announced that the United States Senate passed three new bills that will modernize bankruptcy code in the country. These three bills are the HAVEN Act, the Small Business Reorganization Act of 2019, and the Family Farmer Relief Act of 2019. ABI testified in support of these bills and regards the Senate’s decision to pass them as a positive potential change in bankruptcy law.

The HAVEN Act affects veterans and injured individuals in the United States. According to this new bill, which was included in June’s National Defense Authorization Act, disability payments from the Department of Defense and Department of Veterans Affairs are to be excluded from income calculations used during bankruptcy filings.

Meanwhile, the Family Farmer Relief Act of 2019 makes changes to Chapter 12 of the US Bankruptcy Code to reflect the financial challenges facing distressed farmers and fishers today.

Finally, the Smaller Business Reorganization Act of 2019 adds a subchapter to Chapter 11 that provides small businesses a better way to solve debt problems by reducing liquidations, increasing creditor recoveries, and saving jobs.

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About Norman Kinel

An accomplished New York City-based bankruptcy attorney, Norman Kinel has substantial experience in litigation and out-of-court advisory for a wide range of corporate insolvency and restructuring matters. Throughout his career, he has represented a diverse array of clients, including major financial institutions and investment funds, a leading international credit card processor, bondholders, and trustees. Norman Kinel draws on his knowledge spanning multiple industries and legal matters, encompassing officer and director liability, fraudulent conveyance, debtor-in-possession financing and contested confirmation of plans, to serve as a partner in Squire Patton Boggs’ Restructuring and Insolvency Practice.

A member of the American Bankruptcy Institute and the American Bar Association’s Business Bankruptcy Committee, Norman Kinel also serves on the Board of Editors of The Bankruptcy Strategist. He has contributed insights on bankruptcy law to this and several other publications, including The Wall Street Journal, Law360, and eSQUIRE Global Crossings.

In addition to extensive bankruptcy litigation experience involving, among others, Enron Corporation and Adelphia Communications, Norman Kinel is registered to serve as a mediator in New York and Delaware. His longstanding dedication to his clients’ varied needs and interests has earned him several professional accolades, including Super Lawyers’ distinction as one of the top bankruptcy law practitioners in New York City.