The Ponzi Book
A Legal Resource for Unraveling Ponzi Schemes
the Book
for the Book
Table of
Ponzi Case
The Ponzi
Scheme Blog

Kathy Bazoian Phelps
Hon. Steven Rhodes

Published by

Hon. Steven Rhodes

Kathy's New Book!
Your Investments
The Ponzi
Scheme Blog
Hon. Steven Rhodes


United States Bankruptcy Judge, Eastern District of Michigan-Detroit, appointed 1985, reappointed 1999 and 2013; retired February, 2015

Chief Judge, United States Bankruptcy Court, Eastern District of Michigan, 2002-2009

Bankruptcy Appellate Panel of the Sixth Circuit, 1997-2004 and 2008-2011

Chief Judge of the Bankruptcy Appellate Panel, 2002-2004


Bankruptcy Judges Representative, Judicial Council of Sixth Circuit, 2011-2014

Sixth Circuit Representative, Board of Governors, National Conference of Bankruptcy Judges, 1999-2002; 2011-2014

Chair, Advisory Board, American Bankruptcy Institute Consumer Fee Study, 2009-2011

Distinguished Service Award, American Bankruptcy Institute, 2009

Chair, American Bankruptcy Institute Consumer Task Force, 2009

Judicial Chair, American Bankruptcy Institute, Consumer Bankruptcy Association Veterans Day Consumer Conference, 2006-2012

Judicial Advisor, National Association of Bankruptcy Trustees Ethics Committee, 2005-2013

Vice President for Research, American Bankruptcy Institute, 2005-2009

Chair, National Conference of Bankruptcy Judges Endowment for Education, 2002-2004

Member, Advisory Board, American Bankruptcy Institute Central States Conference, 1997-2014; Judicial Chair, 1997-2005

Associate Editor, American Bankruptcy Law Journal, published by the National Conference of Bankruptcy Judges, 1994-1996


Detroit Metropolitan Bar Association Foundation, 2015 Dennis Archer Community Service Award, November 19, 2015

The Detroit News, A 2015 Michiganian of the Year, November, 11, 2015

Commercial Law League of America, Lawrence P. King Award for Excellence in the Field of Bankruptcy, September 29, 2015

Goodwill Industries Barbara R. Smith Lifetime Achievement Award, May 18, 2015

Michigan Lawyers Weekly, 2015 Michigan Lawyer of the Year, March 26, 2015

Crain's Detroit Business 2014 Newsmaker of the Year Award, February 25, 2015

Walsh College, Honorary Doctor of Laws, January 10, 2015

Sixth Circuit Judicial Conference, Life Member, 2015

National Association of Bankruptcy Trustees, Dedication and Contribution to the Chapter 7 Community and to the NABT, 2014

Distinguished Service Award, American Bankruptcy Institute, 2009

Michigan Bar Foundation, Fellow, 2000

American College of Bankruptcy, Fellow, 1995


Chapter, In Pari Delicto: Solutions to an Inequity Plaguing Bankruptcy Trustees and Innocent Creditors, Norton Annual Survey of Bankruptcy Law (West 2015), co-author

Chapter, Effective Expert Testimony, Fraud and Forensics: Piercing Through the Deception in a Commercial Fraud Case (American Bankruptcy Institute 2015)

Equity Receivers and the In Pari Delicto Defense, 69 Bus.Law. 699 (American Bar Association May 2014), co-author

Obtaining the Release of Grand Jury Evidence in Ponzi Cases, 42 Golden Gate U. L. Rev. 657 (2012)

Coordination Agreements in Parallel Forfeiture and Bankruptcy Proceedings, American Bar Association Business Law Section's Online Resource, Business Law Today, June 21, 2012

Supplementing the Tools in the Trustee's Toolbox, NABTalk, The Journal of the National Conference of Bankruptcy Trustees, Spring 2012, co-author

The Ponzi Book: A Legal Resource for Unraveling Ponzi Schemes, LexisNexis (2012), co-author

The Ethical Obligations of a Chapter 7 Trustee, 80 Am. Bankr. L.J. 147 (2006)

A Preview of "Demonstrating a Serious Problem with Undisclosed Assets in Chapters 7 Cases," May 2002 Norton Bankr. L. Advisor 1

An Empirical Study of Consumer Bankruptcy Papers, 73 Am. Bankr. L.J. 653 (1999)

Eight Statutory Causes of Delay and Expense in Chapter 11 Cases, 67 Am. Bankr. L.J. 287 (1993)

Speaking at Conferences and Seminars

American Bankruptcy Institute

American Bar Association

Association of Insolvency and Restructuring Accountants

Byrne Judicial Clerkship Institute at Pepperdine Law School

Commercial Law League of America

Consumer Bankruptcy Association

Federal Judicial Center

International Women's Insolvency and Restructuring Confederation

Michigan Institute for Continuing Legal Education

National Association of Bankruptcy Trustees

National Association of Chapter Thirteen Trustees

National Association of Federal Equity Receivers

National Conference of Bankruptcy Judges

Turnaround Management Association

United States District Court Eastern District of Michigan Historical Society

United States Trustee Program

Western District of Michigan Federal Bar Association Bankruptcy Section

Several state and local bar organizations in California, Florida, Georgia, Kansas, Kentucky, Michigan, Minnesota, Ohio, Oregon, Tennessee and Wisconsin

Other Employment

Adjunct Professor, University of Michigan Law School, teaching bankruptcy law, 1992-2003; 2013

Adjunct Professor, University of Detroit Law School, teaching ethics, 1986

United States Magistrate, Eastern District of Michigan, 1981-1985

Private Practice, 1977-1981

Assistant United States Attorney, Eastern District of Michigan, 1974-1977

Law Clerk, Honorable John Feikens, United States District Judge, the Eastern District of Michigan, 1973-1974

Bar Admissions

State Bar of Michigan, 1973

United States District Court, Eastern District of Michigan, 1973


Juris Doctor, cum laude, University of Michigan Law School, 1972; Associate Editor, Michigan Law Review

Bachelor of Science in Mechanical Engineering, Purdue University, 1970; Tau Beta Pi, The Engineering Honor Society; Pi Tau Sigma International Mechanical Engineering Honor Society

© 2016 Kathy Bazoian Phelps and Steven Rhodes