Traditional Case Results

Traditional Pre-petition Chapter 11 Case Results

These chapter 11 cases proceed without any agreement among institutional creditors and seek to stabilize the company operations as quickly as possible under bankruptcy protection.

A traditional chapter 11 must meet the bankruptcy code requirements with regard to schedules of assets and liabilities and statements of financial affairs, proof of claim processing, class solicitation, and creditor disbursement.

Results for a traditional chapter 11 in the pre-petition phase of the case place a heavy emphasis on simultaneous stabilization of company operations and implementation of our case preparation team 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.
  • Prepare materials and tactics for rapid preparation of schedules of assets and liabilities and statements of financial affairs for each legal entity under chapter 11 protection.

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

Founder Casework Results Example-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 pre-petition free fall case work include, but are not limited to: mentoring and training of administrative assistants directly responsible for assistance with preparation of first day notice lists and creditor lists; coordinate filing and service of process for filed pleadings; review and analyze lien search results for creditor diligence.

At Phase Eleven, it is our promise to conquer your chapter 11 case challenges and deliver the most outstanding case results throughout the pre-petition phase of any traditional chapter 11 case.

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