Understanding The Process For Initiating Ch. 11

Law360, New York (May 15, 2013, 6:47 PM ET) -- In order to effectuate the restructuring, the company will have to engage in an extensive diligence process and prepare the required court papers for a Chapter 11 filing. For any company to file and enter into Chapter 11 smoothly, the company’s counsel and advisers will work with the company for at least several weeks to conduct due diligence and understand all aspects of the business. The orderly commencement of a Chapter 11 case requires the preparation of motion papers for the court to minimize the disruption...
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