A Chapter 11 plan, if you believe what law schools teach and what most written literature states, is the ultimate goal of every Chapter 11 case. While this is not necessarily true anymore, as many Chapter 11 cases achieve important results without a plan ever being confirmed (or even being proposed), confirming a Chapter 11 plan (whether a plan of reorganization or a plan of liquidation) does remain a goal that nearly every Chapter 11 debtor (and many other parties in interest in a case) wants to achieve it possible under the circumstances.
Understanding the nuts and bolts of a Chapter 11 plan is essential to understanding Chapter 11 as a whole. Concepts that permeate any Chapter 11 bankruptcy case (to name just a few: the Bankruptcy Code’s priority scheme, proofs of claim, the concepts of claim allowance and claim reconciliation) are cannot be fully understood without reference to the crucible that is a Chapter 11 plan. This webinar takes the audience through the basic elements of a Chapter 11 plan, how a plan proponent (usually but not always the debtor) seeks to confirm a plan, and how objectors can try to defeat confirmation.
Dan Cohn devotes his practice at Murtha Cullina LLP to financially distressed businesses and is recognized as one of New England's best-known counsel to troubled companies. His experience includes Chapter 11… Read More
Christopher B. Wick is a corporate restructuring and bankruptcy partner with Hahn Loeser and Parks LLP. Mr. Wick focuses his practice on corporate reorganizations, workouts, debtors’ and creditors’ rights, and… Read More
Mark Melickian leads Sugar Felsenthal Grais & Helsinger LLP’s restructuring practice. Over the past 20 plus years, he has worked primarily on business transactional and litigation matters with a focus on… Read More