IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
In re: Chapter 11
Kaiser Aluminum Corp., et al
Debtors. 02-10429 (JKF)
VERIFIED STATEMENT OF PROFESSOR ELIZABETH WARREN IN
ACCORDANCE WITH SECTION 1103 OF THE BANKRUPTCY CODE
AND RULE 2014 OF THE FEDERAL RULES OF BANKRUPTCY PROCEDURE
Pursuant to rule 2014(a) of the Federal Rules of Bankruptcy Procedure (the "Bankruptcy
Rules"), Elizabeth Warren, being duly sworn, deposes and says:
I am a member of the bar of the States of Texas and New Jersey and I am the Leo
Gottlieb Professor of Law at the Harvard Law School. I maintain my office at Hauser 200,
Harvard Law School, Cambridge, MA 02138.
2. make this Statement pursuant to Bankruptcy Rule 2014 in support of the
Supplemental Application Pursuant to Federal Rule of Bankruptcy Procedure 2014(a) and
sections 327(a) And 103 of the Bankruptcy Code for the entry of an order, nunc pro tunc as of
February 25, 2002, authorizing the retention ofthe law firm of Caplin & Drysdale, Chartered
("Caplin & Drysdale"), as national counsel to the Official Committee of Asbestos Claimants
("Committee") and Professor Elizabeth Warren as special bankruptcy consultant to Caplin &
Drysdale ("Application"). The facts set forth in this Statement are personally known to me and,
if called as a witness, would testify thereto.
3. As set forth in my attached curriculum vitae, I have held academic teaching
appointments since 1978 and have published numerous articles and books in the field of
Bankruptcy Law My experience in the bankruptcy field reaches across a broad range of topics
and issues, as follows:
4. I began work on mass tort bankruptcies in the early 1980s when I started teaching
mass tort bankruptcies in my bankruptcy classes and advanced seminars at the University of
Texas. In 1984, wrote the initial drafts of a chapter on mass tort bankruptcies for my casebook
with Professor Westbrook, The Law ofDebtors and Creditors (Little Brown 1985). taught that
chapter and continued to research and update the materials contained in it for the next sixteen
years. The latest edition of the casebook, The Law ofDebtors and Creditors (41h edition Aspen
2001 ), includes sections dealing with mass tort bankruptcies, future claims, conflicts among
claimant classes, and a several other issues that arise with special force in asbestos bankruptcies.
In the late 1980s and early 1990s, I helped design and implement judicial
education programs dealing with mass tort bankruptcies. I served for nine years on the Federal
Judicial Center's Bankruptcy Education Committee. Many of the Federal Judicial Center
programs in those years included a section on issues relevant to mass tort bankruptcies. There
was also at least one invitation-only program specifically developed to deal exclusively with
mass tort bankruptcies. served on the planning committee for each of these programs.
attended many of the programs and spoke at several ofthem on a wide range oftopics, including
mass tort bankruptcies.
6. In the early 1990s, I worked as a member ofthe National Bankruptcy Conference
on its Code Review Project on the bankruptcy system. My specific assignment was to develop a
recommendation to Congress on how to deal with mass tort bankruptcies. I wrote several drafts
ofthat report, with the thoughtful advice and suggestions ofthe Mass Tort committee of the
NBC. I presented the report to the Conference, leading a discussion and modifying the
recommendations based on that discussion. Twice I returned to the Conference at its annual
meetings with modified versions. The Conference finally adopted the third report. That report
was published in the Conference's recommendations to Congress in The National Bankruptcy
Conference, REFORMING THE BANKRUPTCY CODE, Future Claims 281 (Final Report May 1
994). The mass tort recommendations were revisited by the Conference after section 524(g)
was added to the Bankruptcy Code in 1994. continued to lead discussions in the Conference
about the future claims issues. The National Bankruptcy Conference's second comprehensive
recommendation to Congress, REFORMING THE BANKRUPTCY CODE, Future Claims 33 (Final
Report May 1, 1997), included the future claims recommendations developed by my committee
and endorsed by the Conference.
In 1993 and 1994 when Congress was considering amending the Bankruptcy
Code to deal with mass tort bankruptcies, I provided assistance to various Congressional staff
people. tried to help them understand the issues involved and to evaluate the various statutory
proposals as they arose.
8. In 1994, Congress established the National Bankruptcy Review Commission. At
the time the Commission was formed, mass tort bankruptcies were chief among the items on its
agenda. Congress had recently passed 11 U.S.C. § 524(g) dealing with mass tort problems
exclusively in the asbestos industry, but several people in Congress hoped that the Commission
would develop a more comprehensive approach to replace that section. In 1995, Congressman
Mike Synar was appointed to lead the Commission. When Congressman Synar asked me to be
the Adviser to the Commission, he specifically asked if I would develop proposals and write a
report for the Commission on mass tort bankruptcies. I agreed. When the Commission formed
working groups, I assisted the mass tort group, supervised the research on the subject, developed
an agenda to consider mass tort issues, prepared a number of position papers, invited witnesses
and participants to Commission meetings, and helped craft a proposal that was ultimately
adopted unanimously by the Commissioners. That report is now published as part of the
Commission's final report. REPORT OF THE NATIONAL BANKRUPTCY REVIEW
COMMISSION, Treatment ofMass Future Claims in Bankruptcy 2 1 (October 20, 1997).
9. In the past few years, I have continued my academic research on mass tort
bankruptcies. I gave an address, for example, in 1999 at the Manhattan Institute on the
connection between bankruptcy and mass tort reform. The Institute asked for permission to
publish those remarks. In 1993, I organized and moderated a conference that brought together
academics, judges, and practitioners at the University of Pennsylvania on the subject of mass
torts and bankruptcy In 1995, I spoke at the Federal Reserve Bank in Philadelphia about mass
tort bankruptcies. From 1995 through 2000, I have taught the subject of mass tort bankruptcies
at Harvard's Practicing Law Institute as part of the course on Business Bankruptcy. I have
taught the issues related to mass tort bankruptcies in my advanced Chapter 1 seminars at the
University ofTexas, the University ofPennsylvania and the University of Texas. At Harvard
Law School I have supervised senior honors theses and master's theses on mass torts in
bankruptcy. Each time I have spoken or supervised a student, have reviewed the published
cases and scholarly literature on mass tort bankruptcies.
10. Moreover, every year since 1983, I have given a lecture at the University of Texas
n the annual bankruptcy program. My topic, shared with Professor Jay Westbrook, has always
been, "Recent Developments." To prepare for this, I read the even-numbered volumes of the
bankruptcy reporter that have been published during the year while Professor Westbrook reads
the odd-number volumes. We both write squibs on interesting cases, and then write on four or
five topics each in greater detail. Those longer pieces become the basis for an oral presentation
as well. In several of those years, I have spoken on one or another topics related to mass tort
bankruptcies. Both the squibs and the extended discussions are published each year by the CLE
In addition to these academic and legislative activities, have consulted with a
number of companies on mass tort issues. I served in an advisory capacity to Dow Chemical, the
parent company ofDow Coming, in the early days of the Dow Coming bankruptcy I have
assisted the Johns Manville 'rust and the National Gypsum Trust in appellate litigation. I have
been an expert witness on behalf of the National Gypsum Trust and the Fuller Austin trust.
These trusts were formed as part ofthe confirmation of a plan of reorganization in mass tort
asbestos bankruptcies. I have assisted in the preparation for petitions for certiorari to the United
States Supreme Court in two cases involving future claims, one in an environmental context and
one in an employee liability context. I have argued a case on behalf of Fairchild Aviation, an
airplane manufacturer facing future claims liability. I have filed an amicus brief in future claims
litigation involving Piper Aircraft.
12. In addition, I am working with Caplin & Drysdale as a consultant in Chapter 11
proceedings involving the Babcock & Wilcox Company, Pittsburgh Coming Corporation, Owens
Coming Corporation, Armstrong World Industries, Inc., W.R. Grace & Company, G-1 Holdings,
Inc., United States Gypsum Corporation, Federal-Mogul Global, Inc. and North American
13 Based on all of the above. I am unaware ofhaving any connection with Kaiser
Aluminum Corporation. et al., their creditors, the United States Trustee, or any other party, or
their respective attorneys or accountants.
14. Further, as stated in the Application, will not be a member, associate or of
counsel to the firm of Caplin & Drysdale. Harvard Law School expressly prohibits faculty
members from forming such relationships. The law school policy is unambiguous: 'Faculty
members should not be partners in law firms or be held out as 'of counsel'... Harvard Law
School, Faculty Manual2001-2002 (August 1, 2001). I believe this policy is fairly standard in
law schools throughout the country, although it is not strictly enforced at all schools. It is,
however, strictly enforced at Harvard Law School.
15 do not share any compensation with Harvard Law School or Harvard University
that I receive when I consult. Neither Harvard Law School nor Harvard University have any
financial interest of any kind in my employment. Harvard University understands that faculty
members may participate in a broad range of outside activities, and it specifically acknowledges
the benefits that consulting and advising may produce. See Appendix A, Harvard Law School
Guidelines for Reporting. The university also understands that faculty will be compensated for
such work. It asks for no part of the compensation received, but instead imposes a limit on the
amount of time that faculty members may spend in such consulting activities. See Appendix A.
16. In addition, Harvard University limits the time each faculty member spends on
outside activities to twenty percent of a faculty member's total professional effort. See Appendix
A. The University requires that each faculty member report annually the time spent on outside
activities. Outside activities requiring reporting include litigation and litigation related activitie~
advising, consulting, counseling, lectures and conferences, and commissioned research While
-Iarvard University has extensive rules governing the reporting of outside activities, it asks for no
information of any kind about the identity of those with whom a faculty member consults or on
whose behalf such work is undertaken. Reporting forms have only the time spent and the type 01
activity; there is no space available to report the identities of any ofthe involved parties. I have
made no disclosures to Harvard University or Harvard Law School about my outside activities
other than the time spent, and I expect to make no such disclosures in the future.
17. I am an employee ofHarvard University; my compensation is fixed by Harvard
Jaw School. do not share in any way in the proceeds or receipts of Harvard University or
Harvard Law School. I do not represent Harvard University or Harvard Law School as counsel
With the exception of a few private donors whom I know personally and what I occasionally read
in the newspapers, do not know who donates to Harvard University or Harvard Law School. I
do not know what companies are included within Harvard University's investment portfolio.
have no information to suggest that Kaiser Aluminum Corporation or any of its affiliates is one
of Harvard University's donors or in Harvard University's investment portfolio.
18. Subject to the Court's approval, my hourly rate in this case will be $675. My
customary billing rate is $700. I have been working, writing, teaching, lecturing, and consulting
in the bankruptcy field for twenty-two years. My fee is commensurate with other professionals
of similar experience. do not share in partnership profits. I sharply limit the time I spend on
paid consultation, spending the remainder of my time either on my university work or on
uncompensated writing, research, lecturing and various pro bono activities.
19. I will maintain strict billing records to account for time spend in the service of the
Committee in these proceedings. When I undertake any work at the request of Caplin &
Drysdale, I will ask for the name of the committee on whose behalf will be working, and I will
keep records accordingly that will distinguish such time and work from any other case or matter
upon which I work, including but not limited to the other asbestos-related bankruptcies on which
I am working with Caplin & Drysdale. To facilitate the administrative process and to minimize
the my administrative time, in light of my limited role, Caplin & Drysdale will incorporate my
time entries in its billing statement and will bill for my services as part of the Caplin &
Drysdale's monthly and quarterly fee applications.
20. It is anticipated that I will provide very limited services in this Bankruptcy Case.
In general, my billable hours will not exceed ten hours per month and usually will be
significantly less. I will work with Caplin & Drysdale as a consultant in this bankruptcy case
providing advice and guidance to the Committee through the Caplin & Drysdale firm, as well as
to the other asbestos-related bankruptcy cases in which Caplin & Drysdale is counsel to the
committees representing asbestos personal injury claimants. Generally, wilJ focus my efforts in
assisting Caplin & Drysdale with respect to the Plan of Reorganization process. I may, however,
be consulted by Caplin & Drysdale on other technical issues that may arise in the course of the
case. will not be involved in the day-to-day administration of the case.
21. In accordance with section 504 of the Bankruptcy Code and rule 2016(b) of the
Bankruptcy Rules, no division of compensation has been or will be made by Caplin & Drysdale
22. have not entered into any agreements, express or implied, with any other party in
interest, including the Debtors, attorneys for the Debtors, any creditor, or any attorney for such
party in interest for compensation to be paid from the assets of the estate rendered in connection
with this case in excess of the compensation allowed by law
WHEREFORE, respectfully request that this Court enter the order filed concurrently
herewith authorizing the employment nunc pro tunc effective as of February 25, 2002, of Caplin
& Drysdale as national counsel to the Committee and Professor Elizabeth Warren as special
bankruptcy consultant to Caplin & Drysdale.
SWORN to and subscribed before me
Leo Gottlieb Professor of Law
Harvard Law School
Harvard Law School. 1995-present: Lc.o Gottlieb Professor ofLaw; 1992-93: Robert
Braucher Visiting Professor of Commercial Law.
The University of Pennsylvania Law School. 1990-1995: William A Schnader Professor
of Commercial Law; 1987-1990: Professor of Law.
The University of Texas School of Law. 1986-87: Jay H. Brown Centennial Fellow in
Law; 1983-1987: Professor ofLaw. 1985-86: Conoco Faculty Fellow in Law; 1981-82:
Visiting Associate Professor of Law.
The University of Texas at Austin. 1983-87: Research Associate, Population Research
The University of Houston Law Center. 1981-83: Associate Professor of Law; 1978-80:
Assistant Professor of Law; 1980-81: Associate Dean for Academic Affairs.
The University of Michigan. 1985: Visiting Professor of Law
Rutgers School of Law (Newark). 1977-78: Lecturer in Law
Contracts, Secured Lending~ Bankruptcy, Payment Systems, Commercial Paper,
Regulated Industries, Corporations, Partnerships, Banking Regulation.
J.D. Rutgers-Newark, 1976
B.S. University ofHouston, 1970
BANKRUPTCY AND REVISED ARTTCI.E 9 (Aspen Law & Business 2001)
(With Sullivan and Westbrook) THe FRAGILE MIDDLE CLASS: AMERICANS IN DEBT
(Yale University Press 2000).
(With Westbrook) THE LAW OF DEBTORS AND CREDITORS (Little, Brown &Co. 1986).
SUPPLEMENT TO THE LAW Of DEBTORS AND CREDITORS (1990). THE LAW OF DEBTORS
AND CREDITORS (Little, Brown & Co. 2d cd. 1991, 2"d ed. 1991, Aspen 3rd ed. 1996, 4 1
ed. 2001 ).
(With Westbrook) TEACHERS MANUAL, THE LAW OF DEBTORS AND CREDITORS (Little,
Brown & Co. 1986, 2"4 ed. 1991, Aspen 3fd ed. 1996, 4 1h ed. 2001 ).
(With LoPucki) SECURED TRANSACTIONS: A SYSTEMS APPROACH (Little, Brown & Co.
1995, Aspen 2d. Ed. 1998, 3d ed. 2000).
(With LoPucki) TEACHERS MANUAL, SECURED TRANSACTIONS: A SYSTEMS APPROACH
(Little, Brown & Co. 1995, Aspen 2d. ed. 1998, 3d. ed. 1998, 3d. ed. 2000).
(With LoPucki, Keating, Mann) COMMERCIAL LAW : A SYSTEMS APPROACH (Little,
Brown & Co. 1998).
(With LoPucki, Keating, Mann) TEACHERS MANUAL, COMMERCIAL LAW: A SYSTEMS
APPROACH (Little Brown & Co. 1998).
REPORT OF THE NA1'10NAL BANKRUPTCY R.E.VlEW COMMISSION (Reporter) (October 20,
BUSINESS BANKRUPTCY (Federal Judicial Center 1993).
(With Sullivan and Westbrook) AS WE FORGIVE OUR D EBTORS: CONSUMER CREDIT AND
BANKRUPTCY IN AMERICA (Oxford University Press 1989).
Evaluate the Present and Shape the Furure, in THE DEVELOPMENT OF BANKRUPTCY &
REORGANJZA TION LAW IN THE COURTS OF THE SECOND CIRCUIT OF THE UNITED STATES
(Matthew Bender 1995).
(With Sullivan and Westbrook) Bankruptcy and the Family, in FAMIUES AND LAW (L.
Macintyre, M . Sussman eds. Haworth Press 1995).
(With Sullivan and Westbrook) FINANCIAL DIFFICULTIES OF SMALL BUSINESSES AND
REASONS FOR THEIR FAILURES (Small Business Administration) (September 1998).
(With Sullivan and Westbrook) '1Une Prosperite PrecaireSur les situations flnancieres
critiques dans la classe moyenne," 138 Actes de la Recherche en Sciences Sociales 19·
33 (Juin 2001) (abstracts in French, English, German, and Spanish).
(With Jacoby and Sullivan) Rethinking the Debates over Health. Care Financing:
Rvidencefrom the BanJ...ruptcy Courts, 76 NEw YoRK UNlVF.RSlTY LAW REVIEW 375
(With Jacoby and Sullivan) Medical Problems and Bankruptcy Filings, NoRTON
BANKRUPTCY LAW ADVISOR 1 (May 2000).
(With Westbrook) Financial Characteristics ofBusinesses in Banlrruptcy, 73 AMERICAN
BANKRUPTCY LAW JOURNAL 499 (1999).
The Changing Politics ofAmerican Bankrupu.y Reform, 37 OSGOODE HALL LAW
JouRNAL 189 (Symposium Spring/Summer 1999).
(With Sullivan) The Changing Demographics of Bankruptcy, NORTON BANKRUPTCY
LAW ADVISOR 1 (October 1999).
(With Sullivan) More Women in Banln·uptcy, American Banl'1Uptcy Institute Joumal
(July 30, 1999).
(With Sullivan) Women in Bankruptcy, American Banlcruptcy Institute .Toumal (July 13,
(With Westbrook) The Business Ban/..:ruptcy Project: The Work in Progress, 72
NATIONAL CONFERENCE OF BANKRUPTCY JUDGES 2.3 (1998).
The BanJ..Tuptcy Crisis, 731NDIANA LAW JOURNAL 1079 (Harris Lectu.re) (1998).
(With Sullivan and Westbrook) From Golden Years to Bankrupt Years, NORTON
BANKRUPTCY LAW ADV1SOR l(July 1998).
Al/aking Policy with Impe1fecl Information: The Article 9 Full Priority Debates, 82
CORNELL LAW REVIEW 101(1998).
A Principled Approach to Consumer Ban/...7uptcy, 71 AMERICAN BANKRUPTCY LAW
Academic Journals, cont.
(With Sullivan and Westbrook) America's Consum.er Banlo·uptcy Dichotomy: A Study of
Alleged Ahuse and Local Legal Culture, 20 JOURNAL OF CONSUMER POLICY 223 (Ian
Ramsey, ed., Great Britain).
A Basic Bankruptcy Conceptfor Consumer Banlrruptcy, 51 CONSUMER FINANCE LAW
QUARTERLY REPORT 3 (Winter 1997).
An Article 9 Set Aside for Unsecured Creditors, 51 CONSUMER FINANCE LAW
QUARTERLY REPORT 323 (Fall 1997).
Article 9 Set Aside for Unsecured Creditors, UCC BUU.F.'T'TN (1 October 1996).
(With Sullivan and Westbrook) Bankruptcy and the Family, 21 MARRIAGE & FAMILY
REVIEW 193 (1995).
(With Westbrook) Searching for Reorganization Realities, 72 WASHINGTON UNIVERSITY
LAW QUARTERLY 3001 (1994) (symposium issue).
(With Sullivan and Westbrook) The Persistence ofLocal Legal Culture: Twenty Years of
Evidettcefrom the Bankruptcy Courts, 17 HARVARD JOURNAL OP LAW & PUBLIC POLICY
(With Sullivan and Westbrook) Consumer Debtors Ten Years Later: A Financial
Comparison ofConswner Bankrupts 1981-91,68 AMERICAN BANKRUPTCY LAW
JOURNAL 121 (1994).
Further Reconsideration: A Comment on Baird's Article 9 Reconsidered, 80 VIRGINIA
LAW REVIEW 2301 (1994) (symposiwn issue).
Banknlptcy Policymaking in an Imperfect World, 92 MICHIGAN LAW REVIEW 336 (1992).
(With Sullivan and Westbrook) Baby Boomers and the Bankruptcy Boom, NORTON
BANKRUPTCY LAW ADVISOR l(April1993).
171e Untenable Case For Repeal of Chapter 11, 102 YALE LAW JOURNAL 437 (1992).
Why Have a Federal Bankruptcy System?, 77 CORNELl.. LAW REVIEW 2401 (1992).
A T1zeory ofAbsolute Priority, 1991 NEW YORK UNIVERSITY ANNUAL SURVEY OF
AMERICAN LAW 9.
A endemic Journals~ cont.
Absolute Priority, New Value, and 17zeories of Bankruptcy, 1990 N.C.B.J. 1125 (1990).
(With Sultivan and Westbrook) Laws, Atfodels, and Real People, 13 LAW AND SOCIA
INQUIRY 661 (1988).
Legal Realism: Commenta1y, 1988 NEW YORK UNIVERSITY ANNUAL SURVEY OF
AMERICAN LAW 49 (1988).
Bankruptcy Policy, 54 UNIVERSITY 01~ CHICAGO LAW REVIEW 775 (J 987); reprinted in
CORPORATE BANKRUPTCY: ECONOMIC AND LEGAL PERSPECTIVES (Bhandari & Weiss,
eds. Cambridge University Press (1994) and reprinted in Company Law (S. \Vheeler, ed.
Dartmouth Publishing United Kingdom 1993).
(With Sullivan and Westbrook) The Role ofEmpirical Data in Formulating a National
Bankruptcy Policy, 50 LAW AND CONTEMPORARY PROBLEMS 195 (1987).
(With Sullivru1 and Westbrook) Folklore and FacLs: A Prelimina1y Report from The
Consumer Bankruptcy Project, 60 AMERlCAN BANKRUPTCY LAW JOURNAL 293 ( 1986).
(With Sullivan and Westbrook) Rejoinder: Limiting Access co Banb·uptcy Discharge,
1984 WISCONSIN LAW REVIEW 1087.
Reducing Bankruptcy Protection for Consumers: A Response, 72 GEORGETO'WN LAW
JoURNAL 1333 (1984).
(With Sullivan and Westbrook) Limiting Access to Bankruptcy Discharge: An Analysis of
the Creditors' Data, 1983 WISCONSIN LAW REVIEW 1091.
Formal and Operative Rules Under Common Law and Code, 32 UCLA LAW REVIEW
Trade Usage and Parties in the Trade: An Economic RatioHale for an Inflexible Rule, 42
PITTSBURGH LAW REVIEW 515 (1982).
Regulated Industries' Automatic Cost of Service Adjustme11t Clauses: Do They I11crease
or Decrease Cost to the Consumer?, 55 NOTRE DAME LAWYP.R 333 (1980).
Tax Accounting in Regulated Industries: Limitations on Rate Base Exclusions, 31
RUTGERS LAW REVIEW 187 (1978).
Academic Journals, cont.
Busing-Supreme Courr Restricts Equity Powers of District Courts to Order Jnterschool
Busing, 28 RUTGERS LAW REVIEW 1225 (1975)(STUDENT WORK).
Anti-Women Bankruptcy Bill May Be Veto-Proof, 'Women's Enews (December 14, 2000)
Commentary: Don't Link Bankruptcy, Domestic Violence Bills, Women's Enews
(October 4, 2000)
"Homeowners in Banlauptcy: The Hidden Costs of Predatory Lending," testimony before
the Predatory Lending Joint Task Force of the Department of Housing and Urban
Development, May 25, 2000.
Banh·uptcy Reform Targets the Little Guy, Star Ledger, Perspectives (February 2, 2000).
The New Women's Issue: BanJ.cruptcy Law, Christian Science Monitor (September 10,
Banlo"Upt? Pay Your Child Support First, New York Times A19 (April27, 1998).
"Bankruptcy Refonn," testimony before the Joint Hearing ofthe Subcommittee on
Administrative Oversight and the courts and the Subcommittee of the Commerc1a.l and
Adminlstrative Law, March 11, 1999.
In Serious Jeopardy: Lies v. Unadulterated Statistics Muddle Bankroptcy Reform,
Chicago Tribune 21 (March 19, 1998).
How I Write, 4 SCRIBES JOURNAL OF LEGAL WRITING 71 (Symposium Issue) (1994).
Chapter 11 Report, NATIONAL BANKRUPTCY CONFERENCES' CODE REVIEW PROJl3CT,
REFORMING THE BANKRUPTCY CODE 265 (Reporter 1994).
"Consumer Credit Industry," testimony before the House of Representatives Com.mittee
on Banking and Coinage, Subcorrunittee on Consumer Affairs, Hearings published in
Congressional Record and Committee Hearings Report, September 10, 1992.
Small Business and Big Trouble, 2 TURNAROUNDS AND WORKOUTS 3 (Survey of
Consumer Banlcruptcics Issue) (July 15, 1992).
Other Publications, cont.
Bankruptcy is a Better Altemative, (opinion piece) NATIONAL LAW JOURNAt (April 20,
(With Sullivan and Westbrook) What We Really Said About Chapler 13, 5 NATIONAL
ASSOCIATION OF CHAPTER 13 TRUSTEES QUARTERLY 18 (April, 1992).
"The Bankruptcy Code and Individual Debtors," testimony before the Sena.le Judiciary
Committee, Subcommittee on Courts and Administrative Practices, Hearings published in
Congressional Record and Committee Hearings Report, July, 1991.
Book Review, The Law of Letters of Credit: Commercial and Standby Credits, 48 TEXAS
BAR JOURNAL 216 (1985).
LENDING OFFICERS MANUAL (Revision) (for Texas Bankers Association 1984).
(With Sullivan and Westbrook) Ban!o-uptcy Judges and Banla·uptcy Lawyers, 79TH
ANNUAL REPORT Of 'fl-IE AMERICAN SOCJOLOGICAL ASSOCIATION (1984).
(With Sullivan and Westbrook) "Consumer Choices in Bankruptcy: Statutory Inte1:1tions
and Statutory Consequences," listed as Funded Proposal #831 0193, National Science
Foundation Archives (1983) (published grant application).
(With Sullivan and Westbrook) American Consumer BanJ..ntptcy Law: 'ff'11o is Served?,
781h Annual Meeting of the American Sociological Association (1983).
Regulatory Lag Fallacy, 106 PUBLIC UTILITIES FORTNTGHTLY 15 (August 14, 1980).
Honors and Awards
Champion of Consumer Rights Award, National Association of Consumer Bankruptcy
Attorneys, April27, 2000
Scholarship Award, American College of Consumer Financial Services Lawyers (for THE
FRAGILE MIDDLE CLASS), March 24, 2000
Outstanding Bankrupzcy Academics, Turnarounds & Workouts (July 1999, July 2000)
Brown A·ward for Judicial Scholarship and Education, Federal Judicial Center ( 1998)
CommendationjoJ· Service, American Banlauptcy Board of Certification (1998)
Honors and Awards, cont.
Fifty Most lnflu.ential Women Attorneys, National Law Journal (March 30, 1998)
Commendation/or Outstanding Public Service, American College of Bankruptcy (March
The Alben A. Sacks-Paul A. Freund Award for Teaching Excellence, Harvard La.w
School, .Tune 1997
Top BanJ..:roptcy Lairyers, Inaugural List, Turnarounds & Workouts, 1997
The Lindback Award for Distinguished Teaching, University of Pennsylvania, May, 1994
Fellow, American College ofBankruptcy, elected 1993
Finalist, Distinguished Scholarly Publication Award of the American Sociological
Association, 1989-1992, for As We Forgive Our Debtors
Silver Gavel Award (for THE FRAGTT..E MIDDLE CLAS~), American Bar Association, 1990.
Harvey Levitt Award for Excellence in Teaching, University ofPeJIDsylvania Schoo.! of
Law, 1989, 1992
L. Hart Wright Teaching Excellence Award, University of Michigan School of Law, 1986
Frankel Publication Award for Outstanding Writing, 1982
Outstanding Teacher Award, University ofHouston Law Center, 1981
Robert Wood Johnson Foundation, Research Grant for Empirical Study entitled
"Medical Bankruptcy: A Study of Financially Catastrophic lllness."
Ford Foundation, Research Grant for Empirical Study entitled "Homeownership
and Financial Distress: The Interplay of Tax, Real Estate and Bankruptcy Laws."
1994- National Bankruptcy Conference, Research Grant for Empirical Study of
1998 Business Bankruptcy.
Competitive Grants, cont.
1993- National Conference ofBanlcruptcy Judges, Empirical Study of Business
Scholar in Residence, Rockefeller Foundation, Bellagio, Italy.
1995- Small Business Administration, Research Grant for Empirical Study on Small
1998 Business Failure.
Moller Research Chair in Bankruptcy Law and Policy.
Research Foundation, University ofPennsylvan1a.
National Conference of Bankruptcy Judges, Empirical Study of Consumer
P11blic Policy Research Initiative, University of Pennsylvania.
Jolm M. Olin Foundation, Institute for Law and Economics, University of
Policy Research Institute, Economic and Political Institutions Grant.
American Bar Foundation, Meyer Research Grant.
National Institute of Child Health and Human Development, HD #06160-15.
1984- National Science Foundation, GrantNo. SES 8310173.
1986 "Consumer Choices in Banl-ruptcy: Statutory Intentions and Statutory
1985- Texas Bar Foundation, Grant for Research on Banlauptcy Demographics Grant.
Policy Research Institute, Grant No. 30-3239-4850.
M.D. Anderson Research Fellow.
1979 Resem-ch Initiation Grant, University of Houston.
Selected Professional Activities
Sec.ond Vice-President, Council of the American Law Institute; Executive Committee of
Council, 1994-1995, 1998-present, Nominating Committee, 1995-present.
United States Adviser, Transnational Insolvency Project, American. Law Institute, 1995-
Reporter/Adviser to the National Bankruptcy Review Commission, 1995-1997.
Federal Judicial Center Committee on Judicial Education, three tenns by the appointment
of Chief Justice Rehnquist, 1990-1999.
National Bankruptcy Conference, Executive Committee, 1993-1995.
Editorial Advisory Board, Little, Brown and Company, Law School Division, 1990-
Board of Trustees, American Bankruptcy Board of Certification, 1992-1996.
Board of Editors, American Bankruptcy Law Journal, 1989-92.
Chair, Legislation Committee, Debtor-Creditor Section, Association of American Law
Schools, 1990-1993, Chair, Debtor-Creditor Section, 1989-90.
Adviser, German Goverrunent Task Force on Banlauptcy Reform, 1993
Eastern District of Pennsylvania Bankruptcy Conference, Secretary and Steering
Texas State Bar Advisory Commission on Legal Specialization, Charter Member, BoarC:
Proposal Reviewer, National Scie.nce Foundation, 1985-present.
Professional Development Committee, American Association of aw Schools, 19 88-91
Planning Committee, Association of American Law Schools Conference on Teaching
Contract Law, 1989.
Chair, Association of American Law School Commercial Law Workshop, May-June
Chair, Commercial and Related Consumer Law Section, Association of American. Law
New Jersey, Texas.