Disbursement Expertise

Expertise: Disbursement Overview 

Creditors who are either listed in the company's schedules of liabilities or have filed approved claims, may be entitled to a payment in satisfaction of their pre-petition or post petition claims. 

The payment, determined by their approved claim amount calculated through the plan of reorganization class treatment, may be made either in the form of a direct disbursement check or in the form of a security issued through a third party such as American Stock Transfer. 

Disbursement occurs after a plan confirmation order is entered, the order appeal period has run out and all claimed and scheduled liabilities within a particular class have been settled.

Phase Eleven's disbursement services team will employ the standards and practices associated with top tier law firm bankruptcy groups, along with leading edge technology to provide comprehensive disbursement services. 

Our disbursement services include, but are not limited to:

  • Class claims objection and approval process for class settlement and payment
  • Issue reports and coordinate with third party payment agencies for equities distribution
  • Issue, mail, and follow up with cash settlement and equities distribution
  • Provide disbursement database management

Expertise: Tested and Trusted Disbursement Experience

In over fifty chapter 11 cases, the founder of Phase Eleven worked on class claims analysis, objection, and settlement for disbursement commencement.  The founder responded to class disbursement claimant inquiries, class calculation, distribution organization and processing, and unclaimed funds reporting.  The founder worked with class claims calculation and coordinated disbursement to class creditors.  The founder worked with legacy disbursement reporting technologies and developed the concept for a comprehensive disbursement database. 

The same administrative expertise 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. 

The sum of this work experience led to the development of class disbursement knowledge, skills, abilities, methods, standards, and tools  to organize, proactively prepare for and reactively respond to class disbursement challenges. 

Experience-based disbursement efforts such as:

  • Knowledge of content and workings of class claims objection and resolution
  • Knowledge of class claims calculation and disbursement 
  • Skills to review, analyze and record claims settlement issues for disbursement
  • Class claims resolution concepts, details and tactics
  • Standards for organization and update of disbursement diligence information
  • Methods to train case professionals in techniques of claims resolution and class disbursement preparation, organization, filing and execution
  • Technological database tools which provide comprehensive disbursement organization

At Phase Eleven, we know and understand disbursement issues because we have experience with the contents, purpose for, and procedures of disbursement implementation.

We developed a substantial part of our Microsoft SQL Server database to provide detailed organization, record keeping, and reporting to alleviate the administrative disbursement burden placed on case professionals. 

Expertise: Disbursement Services

Phase Eleven provides comprehensive solutions to disbursement service issues.  Our case work expertise with business operations services is built from our founder's eleven years of chapter 11 business operations experience.

We will provide detailed organization, record keeping, reporting, and disbursement checks for the benefit of the creditors in full satisfaction of pre-petition and post petition debts.  Our disbursement services are provided as part of our comprehensive case approach to alleviate the administrative burden placed on case professionals.

An example of disbursement services relates to our comprehensive claims class resolution.  Though a class may contain thousands and tens of thousands of creditors, we will carefully review, analyze and prepare claims information for company and case professional approval or objection. 

  • We will prepare omnibus claims objections with individual custom claims objection notices and execute the packaging, mailing and the related creditor follow-up. 
  • We will track objections and signed court orders, meticulously applying the exacting conclusions as ascribed in the signed claims orders
  • We will provide historical tracking, precise calculations, proper reporting, check executions, and unclaimed fund reports   

Regardless of whether the disbursement issue relates to claims objection, class settlement estimation and calculation, or disbursement execution, Phase Eleven consultants understand the purpose and procedures behind disbursement and will provide the expertise and leading edge technology to  provide comprehensive case services.

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