Traditional

Traditional Chapter 11 Case Overview

As part of our approach to comprehensive services, we custom craft our support solutions based on the chapter 11 case type and company situation in order to provide maximum resources for cost efficiency and effectiveness on each issue. 

We appreciate that traditional chapter 11 cases can tax case professional and company resources a little differently from prepackaged and prearranged cases. With the focus typically on stabilizing a company facing a multitude of simultaneously urgent issues, attorneys and advisors cannot afford to focus on administrative issues.  Phase Eleven's experienced professionals have the knowledge, skills and abilities to reactively respond with proactive work product to traditional chapter 11 cases.

Traditional Chapter 11 Case Professional Activities 

For instance, we appreciate that in a traditional chapter 11 case during:

Pre-petition:

  • Attorneys and advisors will focus primarily on stabilization of company operations, debt compliance and preparation of first day pleadings. 
  • Phase Eleven administrative resources and service teams will concentrate efforts on: assembly and preparation of top 20, 30, 40, or 50 unsecured creditor lists; preparation of consolidated list of creditors; assembly and preparation of equity holders lists; preparation of contact information for pleading exhibit lists; coordinating lien search results review and summary; preparing first day creditor communications; noticing logistics; schedules and statements preparation meeting materials; Relational Restructuring Database custom webpages and library support; due diligence database organization; and post petition proactive project management planning.

Post Petition:

  • Attorneys and advisors will focus primarily on restructuring of business and financial operations through the bankruptcy code and bankruptcy court orders, working with the company on chapter 11 compliance, and moving the company through the various case processes towards plan solicitation and confirmation.
  • Phase Eleven administrative resources and service teams will concentrate efforts on supporting: business operating restructuring efforts--i.e. asset sales and contract rejection; case administration compliance and dates--i.e. case management orders and critical dates; schedules and statements preparation and filing; claims processing and resolution; data organization and reference--i.e. document production; due diligence support--asset disposition; noticing; solicitation efforts; and all additional company restructuring efforts which require administrative assistance.

Post Confirmation:

  • Attorneys and advisors will focus primarily on responding to estate trust administrator and creditors committee issues relating to objection to claims, recovery of funds and unwinding of remaining estate assets to maximize remaining recovery to estate creditors through a combination of business operations, case administration, claims objection, disbursement and estate litigation.
  • Phase Eleven administrative resources and service teams will concentrate efforts on supporting the estate administrator in providing supporting documentation and claims information for classification and claims objection; providing payment reports to the creditors committee for preference payment litigation; initiating and conducting estate claims disbursement reports, class treatment and calculations, processing logistics, creditor inquiry and unclaimed funds tracking; and noticing for all filed pleadings.

Phase Eleven, through the founder's eleven years of high ranking administrative law firm experience, has developed a set of exceptional methods and standards for achieving excellence for traditional cases and is ready to take on your chapter 11 challenges. 

Founder's Traditional Casework Experience-Movie Gallery, Inc.

In re Movie Gallery, Inc., Case No. 07-33849, United States Bankruptcy Court for the Eastern District of Virginia, Richmond Division, Filed October 16, 2007, Confirmed April 10, 2008. Movie Gallery, Inc. operated over 4,000 retail locations across the United States under the Movie Gallery and Hollywood Video brand names.

Founder's casework responsibilities which align with Phase Eleven case work include, but are not limited to: mentoring and training of administrative assistants directly responsible for assistance with case administration issues; coordinating filing and service of process for filed pleadings; responding to creditor telephone and email inquiries; suggestions of bankruptcy, ordinary course professional compliance; cure claims objection reporting, organization and response tracking; utility shutoff creditor and third party inquiry response, reporting and settlement; preparation of utility deposit reports and settlement materials for post confirmation return or setoff of funds.

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