Disbursement

Overview

The chapter 11 disbursement process involves the payment of debts incurred and owed to chapter 11 creditors prior to the bankruptcy case pursuant to the court approved plan of reorganization.

Disbursement can be complicated by plan of reorganization classes which contain hundreds, thousands and tens of thousands of creditors, each with different amounts and kinds of debt which will have been reviewed, analyzed and approved or objected to and marked as expunged in our database prior to disbursement.

Class treatment methods, can involve a mix of complicated  cash, equity or combined cash and equity settlements, which must be carefully calculated prior to the beginning of disbursement.    

Our administrative disbursement team will provide exacting processes, knowledgeable and skilled assistance, targeted information and rapid courteous responses to deliver outstanding disbursement results for your next chapter 11 case.

Disbursement Results

We drive disbursement results for case professionals, debtor companies and creditors based on our founder's eleven years of chapter 11 case expertise. 

Our experience is deep and broad with regards to the contents, purpose and procedures for all disbursement issues, including class claims reconciliation review and objection, disbursement database calculation programming, disbursement approval, mailing, processing, review, analysis, reporting, third party agents and distribution.  This direct experience will provide straightforward guidance to the often complex issues of disbursement. 

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. 

Our disbursement results will allow case professionals and the company to see the entire picture and be prepared to respond with precision to resolve issues and receive the requested relief. 

Using claims objection as an example of our commitment to disbursement results, we will achieve:

Preparation results:

  • Provide pertinent non-substantive or substantive claims objection 
    case precedent
  • Provide database reporting with schedules and statements for reconciliation
  • Prepare custom objection exhibits for omnibus objections
  • Prepare custom notices for individual claim holder objections
  • Prepare webpage for disbursement
  • Classify claims objection reasoning for historical database reference for disbursement
  • Manage and execute logistics for service of process to all custom claim holders, 2002, core, and master service lists
  • Prepare customized disbursement database classes and settlement calculations
  • Manage and execute logistics for check payment and third party equities distribution

Process results:

  • Execute service of process for custom claim objection notices, core/master service lists, and 2002 service list
  • Associate custom claims objection contract records with served objection
  • Track and report on claims objection service of process
  • Post claims objection to website page and group associated pleadings 
  • Respond to claims objection creditor notice inquiries and provide information
  • Provide critical dates for management of individual claims objection responses via secure online access
  • Track, group and report on filed claims objection responses
  • Track, group and associate claims objection withdrawals, settlements and orders with individual creditor claim records for final reconciliation
  • Execute settled class claims equity and cash disbursements
  • Track and report on undelivered and uncashed disbursement payments 

End results

  • Thorough and complete historical creditor record for disbursement resolution
  • Ensure professionals are prepared for disbursement processing and follow up
  • Ensure professionals are prepared for creditor responses to individual claimant disbursement questions
  • Provide backup materials for scheduled liabilities, claims supporting documentation, and creditor communications
  • Offer instant online accessibility to claims objection and responses, creditor record, company review summary and disbursement reporting and tracking
  • Deliver rapid, courteous response to case assignments
  • Deliver accurate information extracted from our Relational Restructuring Database
  • Provide assurance of quality work for disbursement resolution
  • Provide continuous status updates during preparation and processing periods for claims objection, noticing, creditor inquiries, responses, partial orders, settlements, disbursement payments and returned unclaimed funds

At Phase Eleven, it is our promise to conquer your chapter 11 disbursement challenges and deliver the most outstanding disbursement results through the end of the case.

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