Prepackaged Chapter 11 Results

Prepackaged Post Confirmation 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 confirmation phase of the case mean working together to:

  • Provide diligence for the assessment of remaining business operations to increase cash reserves for payment of approved claims and funding current operations of the remaining estate.
  • Provide reports of pre-petition and post petition data for estate administrator.
  • Provide relevant pleading precedent and executed agreements for estate resolution.
  • Record and track filed post confirmation estate pleadings.
  • Establish bankruptcy code, court ordered, objection and transactional deadlines.
  • Record and compile estate trust administrator and creditor communications.
  • Update all revised contact information.
  • Respond to creditor inquiries.
  • Assist post confirmation estate administrator with U.S. Trustee requirements.
  • Provide case status updates.
  • Group filed court pleadings onto case management webpage.
  • Assist estate administrator with analysis and approval or objection of claims.
  • Provide customized claims objection notices to estate creditors.
  • Update database, including claims orders and preparation for disbursement.
  • Record, track, report, and provide online access to all post confirmation events.
  • Interrelate case events, court entries, creditors, pleadings and professionals.
  • Provide a comprehensive record for reference to respond to all estate issues.     
  • Provide estate administrator diligence and case precedent for asset sales.
  • Provide estate administrator asset abandonment.  
  • Assist estate administrator with all claims litigation.
  • Prepare and report on disbursement diligence to estate administrator.
  • Assist with information and processing related to general estate litigation.
  • Provide preference actions diligence.
  • Issue reports and coordinate with third party payment agencies for equities distribution.
  • Issue, mail, and follow up with cash settlement and equities distribution.
  • Manage disbursement management.
  • Provide comprehensive service of process fulfillment.
  • Respond to return to sender follow-up.
  • Provide secure online access and customized reporting.

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: assisting with pre-petition solicitation class preparation and processing; preparation of first day notice lists and creditor lists; coordinating filing and service of process for filed pleadings; responding to creditor telephone and email inquiries; claims objection reporting, filing, service of process, and response tracking; creditor claims settlement, and litigation case administration processing.

We will apply the same post confirmation case administration organizational methods and standards which earned the founder accolades, outstanding reviews, promotion, and recommendations - to your post confirmation prepackaged case. 

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