Chapter 11 Planning

Successful Chapter 11 proceedings require advance planning.

Major activities include:

  • Determining which entities will be filed
  • Determining best jurisdiction for filing
  • Assessing impact of filing on the various business assets
  • Assessing impact of filing on cash management systems
  • Identifying critical vendors and ensuring continuing services and products required
  • Determining requirements and working with counsel to prepare first day orders
  • Determining business strategies to minimize negative impact of filing
  • Understanding cash flows of operating the business following filing
  • Arranging for DIP financing if required
  • Developing communication plans for customers, creditors, employees and shareholders
  • Preparing Schedules and Statement of Financial Affairs
  • Preparing list of Creditors
  • Developing plans for rejection of executory contracts
  • Conduct negotiations with appropriate constituents to achieve a pre-packaged arrangement that
    could dramatically reduce time and expense of Chapter 11 proceedings

 

Our familiarity and experience reorganizing companies in the U.K. and Europe allows Quest to perform comparable pre-planning for complex cross- border transactions.

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