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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