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    03.03.15 Philip Guffy ’15 Wins Distinguished Student Award from the American College of Bankruptcy
    Brooklyn Law School Student Philip Guffy

    Philip Guffy ’15 is one of only six students who were selected from across the nation as Distinguished Law Students for 2015 by the American College of Bankruptcy (ACB).

    Guffy will accept the award at a ceremony in Washington D.C.on March 13. At the ceremony, Guffy will have the opportunity to meet with the most distinguished bankruptcy practitioners and judges in the country.

    To be considered for this distinction, a student must be nominated by an ACB fellow or a law school professor or dean. Candidates must have outstanding academic credentials and a demonstrated interest in bankruptcy law. The ACB considers the nominated students' writing as well as additional letters of recommendation. Guffy was nominated by Brooklyn Law School Professors Michael Gerber and Edward Janger.

    Guffy’s first exposure to bankruptcy law was as a child. His mother was a bankruptcy attorney, and he remembers a case where one party asserted a large claim based on lost profits for a newly opened gas station. Guffy, even at a young age, was incredulous, saying the owner couldn’t possibly know how much he’d make – $300,000, $0, or anything in between. “Even then I knew that valuation was tricky,” he said.

     “What I like about bankruptcy practice is the chance to be both an expert and a generalist. One needs a specialized and deep knowledge of the Code, but also a general knowledge of almost every other type of substantive law,” Guffy said.

    Guffy is currently a Zaretsky Fellow, and upon graduation he will be clerking for Chief Judge Carla E. Craig of the U.S. Bankruptcy Court for the Eastern District of New York. He was a member of the Duberstein Moot Court Bankruptcy team in 2014 and a coach of the team this year.

    The ACB is an honorary professional and educational association of bankruptcy and insolvency professionals that advances professional excellence and supports educational and pro bono efforts in local communities throughout the United States.