Are Prepackaged Chapter 11 Bankruptcies Worth the Expense and Aggravation?
1 hour 30 minutes
Understand the benefits and risks of prepackaged and pre-negotiated plans to accomplish Chapter 11 reorganization.
While the goal of every Chapter 11 case is to confirm a plan of reorganization, the plan approval process can take many shapes. In this topic you will learn why prepackaged and pre-negotiated Chapter 11 cases are becoming increasingly popular with business debtors, with a particular emphasis on small and medium-sized business debtors. This material will delve into the benefits and risks for both debtors and creditors of prepackaged and pre-negotiated plans to accomplish a Chapter 11 reorganization and offer strategies and considerations for all stakeholders in the negotiation process.
• You will be able to define prepackaged Chapter 11 bankruptcy.
• You will be able to identify the elements in a case that would make a prepackaged Chapter 11 attractive.
• You will be able to discuss pre-negotiated Chapter 11 as an alternative to prepackaged.
• You will be able to describe the impact of converting from a prepackaged Chapter 11 to a traditional one.