Traditional Chapter 11 Results

Traditional Post 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 post petition phase of the case place a heavy emphasis on simultaneous stabilization of company operations and implementation of our case preparation and processing 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 and complete solicitation of a proposed plan of reorganization.
  • 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.
  • Distribute and process customized claim forms, associate with scheduled liabilities and reports for case professional review, company review, and 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 for future individual creditor settlements.
  • Compile diligence materials related to business operations, corporate governance, financing arrangements and litigation for debtor's 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-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 case work include, but are not limited to: mentoring and training of administrative assistants directly responsible for assistance with case administration issues; coordinating filing and service of process for filed pleadings; responding to creditor telephone and email inquiries; suggestions of bankruptcy, ordinary course professional compliance; cure claims objection reporting, organization and response tracking; utility shutoff creditor and third party inquiry response, reporting, and settlement.

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

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