Prepackaged Case Results

Prepackaged Pre-petition Chapter 11 Case Results

These chapter 11 cases involve institutional or substantial company creditors who agree to significant debt restructuring in which debt is exchanged for equity and the majority of creditors in interest are paid in full, allowing for a pre-petition solicitation and dramatically shortened post petition chapter 11 case.

The "prepack" eliminates the need for schedules and statements, truncates the claims process to predominantly unpaid administrative claims and eliminates post effective date casework. 

Results for a prepackaged chapter 11 in the pre-petition phase of the case mean simultaneous implementation of our case preparation and solicitation teams working together to:

  • Work with the company to assemble and review factual diligence related to accounts payable records, company operations, debt structure and employees for use in pleadings for filing with the federal bankruptcy court and distribution or "service" to creditors.
  • Execute solicitation of a proposed plan of reorganization in order to exit bankruptcy quickly upon commencement of the case.  Solicitation of certain classes of creditors to vote to accept or reject the proposed plan.  Phase Eleven will provide results for the distribution, processing, receipt, recordation, reporting and tabulation of the plan voting process.

Founder Casework Results Example-DJK Residential, LLC

In re DJK Residential, Case No. 08-10375, United States Bankruptcy Court for the Southern District of New York, Filed February 5, 2008, Confirmed May 7, 2008.

Founder's casework responsibilities which align with Phase Eleven pre-petition, prepackaged case work include, but are not limited to: assisting with pre-petition solicitation class preparation and processing; preparation of first day notice lists and creditor lists; assembly and organization of debtor legal entities; coordinating filing and service of process for filed pleadings.

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