Services

Services: Purpose

Companies that file for bankruptcy protection under Chapter 11, Title 11 of the United States Code will take actions during the course of the case to comply with federal law, deleverage their balance sheet, and restore profitability to their operations. 

Each of these actions will involve efforts of administrative, financial, legal and restructuring case professionals.  Phase Eleven provides comprehensive administrative services to case professionals, chapter 11 companies, creditors, the court and the U.S. Trustee for a cost effective and efficient chapter 11 case.   

Services: History

Our comprehensive services concept was developed out of our founder's eleven years of chapter 11 case work experience at two of the country's premier debtor law firm practices. 

Over eleven years, the founder of Phase Eleven received accolades, outstanding reviews, promotion, and recommendations for the results of his chapter 11 case services.  Superior services were the result of a self-developed set of knowledge, skills, abilities, methods and standards applied to every aspect of every chapter 11 case.   

During the thousands of hours of daily case work, the founder saw a pressing need to provide notice and claims agent services which covered all aspects of administrative efforts during the chapter 11 case. 

The same administrative customer service provided at top tier law firm bankruptcy practices is now available from Phase Eleven for all case professionals and debtor companies in need of chapter 11 excellence. 

Superior services have been founded on the belief that chapter 11, a necessary aspect of the business lifecycle, deserves comprehensive and cost effective administrative solutions.  Superior chapter 11 case services are the hallmark of the Phase Eleven Consultants name. 

               

Services: Summary 

At Phase Eleven, our goal is to provide chapter 11 case services which support all case restructuring efforts.  We offer the following administrative services: 

§  Business Operations

§  Case Administration

§  Case Preparation

§  Claims Processing

§  Data Organization

§  Diligence Support

§  Disbursement Services

§  Noticing

§  Post Confirmation Services

§  Schedules and Statements

§  Solicitation

 

 

Services: Comprehensively Customized         

Chapter 11 cases are complicated because they involve a large mix of business operations, committees, creditors, events, procedures, professionals and rules all interrelated and all moving at an astonishingly rapid rate.  Because they are complicated, chapter 11 cases require a carefully customized administrative approach to provide comprehensive case services.    

Services: Consider Circumstances and Case Type 

Comprehensive services require an understanding of chapter 11 circumstances and case type to appropriately staff resources for continuity and responsiveness.

Circumstances such as cash burn rates and demands, creditor relationships, litigation issues, debt structures and compliance, and operational issues in conjunction with complex business operations, dictate the type of chapter 11 case which is commenced. 

Chapter 11 case types are termed prearranged, prepackaged, traditional or liquidating traditional.  Each type of chapter 11 case proceeds at a different pace and requires consideration of different amounts and types of administrative resources to achieve administrative excellence.

If a prepackaged chapter 11 case is chosen for a services-based business, the amount and timing of administrative demands will differ greatly from that of a traditional chapter 11 case for a manufacturing company. 

A prepackaged chapter 11 will require a heavy concentration of resources, planning and responsiveness during the pre-petition and immediate post petition phases, because it will face case preparation and class solicitation issues on a fast track to plan confirmation.  

A traditional chapter 11 might require less pre-petition resources and planning because, unlike the prepackaged chapter 11, solicitation would occur months into the post petition phase of the case. 

Phase Eleven consultants are prepared to provide comprehensive services that achieve excellence at every stage of your chapter 11 case.  We invite you to take a tour of our services section and see the Phase Eleven difference.

Request a presentation of our comprehensive chapter 11 case solutions to conquer your chapter 11 challenges.