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.
Josh is a member in the Business and Business Restructuring Services Departments and counsels clients on strategic alternatives in both distressed and non-distressed settings. He regularly represents public and private… Read More
Carollynn H.G. Callari has twenty years of corporate and bankruptcy law experience. She was formerly with AmLaw 100 law firms Willkie Farr & Gallagher LLP and Venable LLP. She is… Read More
Edward L. Schnitzer is Chair of Montgomery McCracken’s Bankruptcy & Financial Restructuring Department and serves as a member of the firm’s Management Committee. He represents creditor committees, creditors, litigation trustees,… Read More
Jim Mazza is a corporate restructuring partner at Skadden, Arps, Slate, Meagher & Flom LLP in Chicago. His notable company-side representations include SunEdison, TridentUSA Health Services, Exide, Visteon, and UAL… Read More