Prepackaged And Prenegotiated Ch. 11 Plans

Law360, New York (September 2, 2009, 2:45 PM EDT) -- There is a lot to be done in a large Chapter 11 reorganization, and, despite appearances to outside observers, there never seems to be an abundance of time.

Complex reorganizations are known to last many months, sometimes years, consuming the time of management and creditors alike in creating complex structures to finance a debtor’s postpetition operations, renegotiate trade terms and negotiate terms of a bankruptcy plan.

With all of this in mind, the increasing number of cases being filed as prepackaged or prenegotiated bankruptcy cases —...
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