TBA Law Blog

Posted by: Lynn Pointer on Dec 9, 2013

As 2013 comes to a close, bankruptcy filings statewide have continued to decline.  Filings have decreased by about 2000 per year from 2011-2013.  Only the Western District of Tennessee has maintained a fairly stable filing level.  I will leave it to the statisticians in Washington to ascribe a reason for this phenomena but we, as practitioners, know that it has an economic impact to our practice.

The sequester has also had an impact on the United States Trustee program.  Patricia Foster and William Sonnenberg, long time employees in the Eastern District, are retiring in January and their positions will not be filled.  Beth Derrick, the attorney for the United States Trustee, in the Middle District, will assume oversight responsibilities in the Eastern District as well. The United States Trustee program is consolidating many of its reporting and auditing functions. 

I want to express my appreciation to all of you who have joined the bankruptcy section of the Tennessee Bar Association and hope that you will support our April seminar in Gatlinburg.  The informal setting and problem format provides a unique opportunity to explore issues and ideas.  As space is limited, it also provides a good opportunity to get to know other bankruptcy practitioners that you may have only communicated with by phone or email.

I am enthusiastic about the addition of several new executive council members from across the state.  The geographic and practice diversity should assist us in meeting the needs of the bankruptcy bar across the state. If you have suggestions, please take time to connect with a member of the executive council in your area. 

Margaret Fugate