irs program accomplishments · form 990 part iii · fy2023
What they reported doing
- #1 primary $24KCRC participated in advocacy efforts, which included filing an amicus in the U.S. Court of Appeals for the 5th Circuit in In re: Serta Simmons Bedding LLC urging reversal of the lower court's decision. In addition, CRC submitted letters to the Judicial Conference and the Southern District of Texas to urging the end of the practice of judge shopping.
- #2 $6KDuring 2023, CRC published its weekly newsletter ("Creditor Corner") a approximately 50 times and additional content ("Special Features") approximately 28 times.
named programs · 3 · from sources
What they call their work
Creditor Corner Newsletter
Weekly publication featuring analysis on current restructuring and bankruptcy issues, published approximately 50 times per year
Legal Advocacy and Amicus Filings
Files amicus briefs and submits letters to judicial bodies, such as the U.S. Court of Appeals and the Judicial Conference, to advocate for fair bankruptcy practices and oppose judge shopping
Special Features
In-depth content on timely financial and restructuring topics, published approximately 28 times per year
activities · 7 groups
What they do
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Professional Networking Events 2 activities
- Co-hosting industry-specific finance conferencesParticipates in or co-hosts major industry gatherings such as the US CLO & Leveraged Loan Conference at Moody’s global headquarters, facilitating engagement within the leveraged finance community.
- Hosting educational conferences and workshops for market participantsOrganizes and hosts annual in-person events—including the Credit Opportunities Symposium and the CRC Allocators Conference—for institutional investors, practitioners, academics, and judges to discuss credit cycle trends, investment opportunities, restructuring strategies, and legal developments. These include both recurring multi-day workshops and single-day curated conferences.
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Industry Advocacy and Regulatory Engagement 1 activity
- Advocacy against restrictive legislation affecting creditor rightsSubmits joint letters and comment filings opposing legislation perceived as threatening creditor rights, such as New York’s proposed champerty bill targeting sovereign debt restructurings, in coordination with industry stakeholders like the Loan Syndication and Trading Association (LSTA).
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Criminal Justice Policy Advocacy 1 activity
- Advocacy for judicial reforms in bankruptcy proceedingsEngages in sustained advocacy to prevent judge-shopping and promote fair judicial assignment practices in bankruptcy cases, including submitting amicus briefs, comment letters, and proposed federal rules to courts and legislative bodies. Specific campaigns include opposition to the Serta decision and advocacy before the Southern District of Texas, the 5th Circuit, and the Administrative Office of the U.S. Courts.
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Leadership & Policy Dialogue Forums 1 activity
- Convening expert roundtables and symposia on creditor rights issuesHosts and co-hosts forums—such as roundtables and multi-day symposia—for academics, legal practitioners, investors, and market participants to discuss pressing issues in restructuring and insolvency, including intra-creditor conflict, LMEs, third-party releases, and the impact of AI on credit markets. Events include the annual Restructuring Symposium and specialized discussions post-Serta and Purdue Pharma.
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Professional Field Knowledge Development 1 activity
- Operating an online Educational Hub for restructuring knowledgeMaintains a digital platform providing accessible financial and restructuring information for academics, market participants, and practitioners, supporting education and informed participation in creditor rights matters.
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Organizational Newsletter Production and Distribution 1 activity
- Production and distribution of Creditor Corner newsletterProduces and distributes a weekly newsletter, "Creditor Corner," that curates financial and restructuring news relevant to creditor rights, publishing approximately 50 issues annually along with special features on high-profile cases and market developments.
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Uncategorized 1 activity
- Conducting proprietary research on bankruptcy costsProduces original data analysis on bankruptcy proceedings, including daily calculation of bankruptcy costs as a percentage of liabilities, contributing to transparency and evidence-based discourse in insolvency practice.
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financials · form 990EZ · fy2024
revenue
Total revenue$135K
Contributions & grants$135K100%
Program service revenue——
Investment income——
Other revenue—
expenses
Total expenses$92K
Program expenses96%
Admin / overhead4%
Fundraising0%
Salaries & benefits—
Grants paid out—
Largest expense lineProfessional Fees
balance sheet
Total assets$125K
Cash$82K
Investments$0
Liabilities$0
Net assets$125K
Liquid reserves10.7 mo
2 years on record · 2023–2024 · YoY revenue -36.3%
leadership · form 990 part vii · fy2024
Who runs it
board members · 1
- DAN KAMENSKY — Director
relationships · 56
Who they work with
- American Bankruptcy Institute Government — Marc Heimowitz is an advisory board member of the American Bankruptcy Institute and affiliated with the Creditor Rights Coalition.
- Caspian Capital Partner — Participating manager at the CRC Allocators Conference 2023
- Chief U.S. Bankruptcy Judge Michael B. Kaplan Government — Recipient of advocacy letter regarding adoption of local rule for random assignment of bankruptcy cases.
- Coda Advisory Partner — Provided a moderator for The Next Crisis Panel at the 2023 Symposium.
- Coda Advisory Group Partner — Marc Heimowitz, Founder and Managing Member of Coda Advisory Group, is a member of the Advisory Board of the Creditor Rights Coalition.
- Columbia University Partner — Provided an expert participant from its faculty for the Credit Cycle & Outlook discussion at the 2023 Symposium.
- Commercial Law League of America Partner — Aligned in advocacy efforts to end judge-shopping in bankruptcy cases.
- Cooley Partner — Co-hosted the 2024 Bankruptcy Roundtable Discussion with Creditor Rights Coalition.
- Cooley Partner — Co-hosted the 2025 Restructuring Roundtable Discussion with the Creditor Rights Coalition.
- Cooley Partner — Daniel Shamah, Partner at Cooley, is a contributor to the Creditor Rights Coalition.
- CreditSights Partner — Co-contributes research and commentary on creditor rights and loan market developments featured in Creditor Corner.
- CreditSights Partner — Mark Lightner, Head of Special Situations Legal Research at CreditSights, is a contributor to the Creditor Rights Coalition.
- DLA Piper Partner — Rachel Ehrlich Albanese, a Partner and Co-Chair of the U.S. Restructuring Practice at DLA Piper, is a contributor to the Creditor Rights Coalition.
- DSC Meridian Capital Partner — Participating up-and-coming manager at the CRC Allocators Conference 2023
- Debevoise & Plimpton Partner — Sidney Levinson, Co-Chair of Debevoise & Plimpton’s Restructuring Group, is a contributor to the Creditor Rights Coalition.
- Elsberg Baker & Maruri Partner — David Elsberg, founding partner of Elsberg Baker & Maruri, is a contributor to the Creditor Rights Coalition.
- Faegre Drinker Partner — Jim Millar, co-leader of Faegre Drinker’s corporate restructuring team, is a contributor to the Creditor Rights Coalition.
- Governors Lane Partner — Participating manager at the CRC Allocators Conference 2023
- Hunton Andrews Kurth LLP Partner — Provides expert commentary on creditor rights legal developments, such as the Serta decision, for publication in Creditor Corner.
- IRS Government — Complies with IRS regulations regarding disclosure of compensation and files Form 990 tax returns.
- Investment Management Tier Partner — Sponsor category within the Coalition's supporter structure
- J.F. Lehman & Company Partner — Participating up-and-coming manager at the CRC Allocators Conference 2023
- J.F. Lehman & Company Partner — Provided a representative to deliver closing remarks at the 2023 Symposium.
- Jones Road Capital Management Partner — Participating up-and-coming manager at the CRC Allocators Conference 2023
- Judicial Conference Government — Submitted letters advocating against the practice of judge shopping.
- King & Spalding Partner — Contributes expert analysis on creditor rights litigation and restructuring outcomes, such as the Serta case, to Creditor Corner.
- Kobre & Kim Partner — Co-hosted the 2024 Bankruptcy Roundtable Discussion with Creditor Rights Coalition.
- Kobre & Kim Partner — Daniel Saval, a lawyer at Kobre & Kim, is a contributor to the Creditor Rights Coalition.
- LSTA Partner — Co-sponsored the 2022 symposium on intra-creditor class warfare.
- LSTA Partner — Provided a moderator for the Fireside Chat on Credit Cycle & Outlook at the 2023 Symposium.
+ 26 more
strategies · 3
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Advancing Legal Reform Through Strategic Advocacymethodology: legal advocacyBy engaging in legal advocacy—including amicus briefs, formal letters to judicial bodies, and campaigns for fair case assignment practices—the organization influences court decisions and systemic reform, because structured legal interventions create binding precedents and institutional accountability that shift the landscape of creditor rights.
- Convening Expert Stakeholders to Strengthen Creditor Rightsmethodology: convening-stakeholdersBy bringing together cross-sector experts—including legal practitioners, investors, academics, and policymakers—the organization fosters shared understanding and coordinated responses to systemic issues in bankruptcy and credit markets, because multidisciplinary dialogue generates deeper insight and more effective collective action than isolated advocacy.
- Generating Thought Leadership to Shape Market Understandingmethodology: thought-leadership_and_advocacyThrough curated content, expert analysis, and dissemination of insights on restructuring and insolvency, the organization clarifies complex financial and legal dynamics, because authoritative, accessible thought leadership shifts market behavior and strengthens the credibility and cohesion of creditor rights stakeholders.