Fighting For A Prefiling RSA Can Hurt Your Credibility

Law360, New York (February 3, 2015, 10:28 AM EST) -- Reorganization participants and professionals have long recognized the many real benefits of a "prepackaged" Chapter 11 plan of reorganization. In a classic prepackaged plan, sufficient votes are properly solicited and obtained before the filing to permit a quick and essentially uncontested confirmation. When a fully prepackaged plan cannot be achieved, debtors have often sought to achieve a broad, even if not unanimous, level of creditor support for a so-called "prenegotiated" plan as a productive next-best option.

In a true prenegotiated plan, a critical mass of creditors across a debtor's capital structure agrees to the key economic and legal terms of a...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!