Neville Reid Elected President of National Association of Bankruptcy Trustees
Oct 19, 2020
Fox Swibel is pleased to announce that the National Association of Bankruptcy Trustees (NABT) has elected Neville Reid as President of its Board of Directors for the 2020-2021 term.
Neville, commenting on his appointment, remarked:
“I love NABT and its members, and am deeply committed to making our organization even stronger and healthier in the next year, building on the great success of my predecessor presidents.”
NABT is the premier organization representing the interests of bankruptcy trustees nationwide. It was formed in 1982 for the purpose of advocating for improvements in the bankruptcy system to facilitate trustee administration of bankruptcy cases and providing education seminars and events for trustees to help them remain current on bankruptcy law. NABT members include over 450 chapter 7 trustees, employees of the Office of the U.S. Trustee, chapter 11 and subchapter V trustees along with their staff, as well as judges and various other professionals who serve the bankruptcy system.
Neville has been a member of NABT since 2011 and has served on its Board since 2014. As President, he will work closely with NABT staff and other Directors in leading the association to continued success in the future. Neville’s extensive service to NABT includes successfully representing NABT as an amicus in the case In re: Rowe, 750 F.3d 392 (4th Cir. 2014), which protects the commission structure of trustee compensation under Section 326 of the Bankruptcy Code and has been widely cited by trustees across the country in litigation involving such compensation. Neville’s expertise on trustee matters was also recognized by Congress in September 2018, when he testified before the House Judiciary Committee (Subcommittee on Regulatory Reform, Commercial and Antitrust Law) in support of a trustee compensation bill.
Neville has 26 years of experience as a bankruptcy trustee and is a partner with the law firm of Fox Swibel Levin & Carroll LLP, where he specializes in workouts, bankruptcies and restructurings, representing both secured and unsecured creditors, investors, other bankruptcy trustees, receivers, financial institutions and debtors. One of Neville’s recent notable engagements includes successfully representing the chapter 7 trustee in the widely publicized Johnson Publishing Company bankruptcy case (N.D. Ill., Case No. 19-10236), where he led the legal negotiation and structuring of the auction and sale of Johnson Publishing’s iconic archive of 4 million media items of African American history accumulated over the past 70 years, the largest such archive in the world. The archive sale, which was to a consortium of four of the country’s leading private foundations, enabled the bankruptcy estate to realize $30 million for creditors and ensured that the historic archive collection will be modernized and placed safely on display in public museums for future generations to enjoy.
Neville graduated magna cum laude from Harvard University in 1984 and received his J.D. from Harvard Law School in 1987. Neville’s election as NABT President adds to his already extensive list of achievements, including serving as President of the Illinois Medical District that oversees economic development in a 600-acre medical district near Chicago’s West Loop. Neville has also been rated AV® Preeminent by his professional peers through the Martindale-Hubbell Peer Review Rating system and was the co-recipient of the Harvard Law Society of Illinois’ Role Model Award in 2017.