Prepackaged Chapter 11 Results

Prepackaged Post 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 post petition phase of the case mean simultaneous implementation of our business operations, case administration, claims processing, data organization, diligence support, noticing and solicitation services working together to:

  • Complete solicitation of a proposed plan of reorganization with reporting and tabulation of the plan voting process.
  • Process a variety of business operation pleadings to increase cash reserves, dispose of burdensome assets and contracts and restructure operations.
  • Track and process action items, completion deadlines and compliance requirements for every court communication, document or pleading exchanged or filed.
  • (If necessary) Distribute and process customized claim forms and associate with scheduled liabilities and reports for case professional and company review allowance and objection.
  • Interrelate data to legal notices, critical dates, proof of claim packages, filed pleadings, transactional materials, solicitation materials, schedule and statements preparation and disbursement settlements to become part of future individual creditor settlements.
  • Compile diligence materials related to business operations, corporate governance, financing arrangements and litigation for debtors counsel to exchange with an opposing party or filing with the court.
  • Prepare and distribute notice documents to creditors using email, fax, messenger, overnight courier, and U.S. Mail.
  • Distribute, process, receive, record, report, and tabulate the plan voting process.
  • Assist with plan confirmation. 

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's 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 case work include, but are not limited to: coordinating filing and service of process for filed pleadings; responding to creditor telephone and email inquiries; reviewing, analyzing, revising and coordinating filing of schedules and statements of financial affairs; claims objection reporting, filing, service of process, and response tracking; creditor claims settlement, and creditor disbursement.

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