Alexandria, Va.— ABI announces that Maurice VerStandig of The VerStandig Law Firm, LLC (Potomac, Md.) has been selected as one of ABI’s “40 Under 40,” ABI’s award program that recognizes 40 of the top insolvency industry professionals under the age of 40. The honorees will be recognized at a special ceremony on Dec. 13 during ABI’s 2024 Winter Leadership Conference at The Phoenician Scottsdale in Scottsdale, Ariz.

VerStandig is a managing member and sole equity-holder of The VerStandig Law Firm, LLC in Potomac, Md., and focuses his practice on counseling private lenders, business debtors undertaking to reorganize through the chapter 11 process, and bankruptcy trustees. Roughly half of his practice is focused on representing asset-based lenders and other secured creditors in chapter 11 cases. When not advising secured creditors, VerStandig regularly represents debtors in chapter 11 cases in the District of Columbia and North Dakota. He has counseled multiple law firms in connection with their own insolvency proceedings, successfully reorganized a publicly traded pharmaceutical holding company, helped a mid-size manufacturing company efficiently liquidate through the chapter 11 process, guided a corporation focused on COVID-19 support services through bankruptcy, helped regional restaurant operators shed hefty debt loads, and represented other debtors ranging from real estate entities to a haunted house operator.

VerStandig serves as a coordinating editor of the ABI Journal, for which he has contributed several legislative articles, and since 2020 he has been on the local rules advisory committee — followed by the standing bench/bar advisory committee — for the U.S. Bankruptcy Court for the District of Columbia. He regularly authors columns on bankruptcy-centric matters and is one of two hosts of a new ABA podcast series focused on subchapter V bankruptcies. Having held an AV rating from Martindale-Hubbell since the age of 29, VerStandig is listed as a “Rising Star” by Super Lawyers.

VerStandig sits on the board of visitors of the University of Wisconsin-Madison Department of Communication Arts, and he is a former member of the boards of directors of the Jewish Community Center of Greater Washington, the Charity Series of Poker, and the Women’s American ORT Foundation. He takes pride in also furnishing pro bono representation to those in need, and regularly advises individual clients and charities at no cost.

“We are honored to celebrate the exceptional leaders within the 2024 class as they continue to make a significant impact both in their practice and in their communities,” said ABI Executive Director Amy Quackenboss. “As bankruptcy practice continues to evolve, this diverse collection of honorees will propel ABI and the insolvency community forward.”

The “40 Under 40” winners are distinguished by professional achievements and service and were selected by a group of experienced professionals from ABI’s current leadership. Now in its eighth year, the goal of ABI’s “40 Under 40” award program is not simply to create a one-time ceremony, but to fully engage those selected as future leaders in the insolvency profession and to build on the initiative each year.

Click here to view the full list of the 2024 “40 Under 40” honorees.

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ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes nearly 10,000 attorneys, accountants, bankers, judges, professors, lenders, turnaround specialists and other bankruptcy professionals, providing a forum for the exchange of ideas and information. For additional information on ABI, visit www.abi.org. For additional conference information, visit http://www.abi.org/calendar-of-events.