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Chapter 11 Cases, Process, and Documents

The different types of Chapter 11 cases, the process of a Chapter 11 case (including the “first days” and 363 asset sales), and the major documents in Chapter 11 (including Chapter 11 plans, disclosure statements and orders, and restructuring support agreements).

CLE Available

CLE credit details

  1. North Carolina

    Category:
    General
    Credit hours:
    1.5
    Status:
    Approved
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  1. still frame from Prepackaged and Prenegotiated Bankruptcies 16 min

    Prepackaged and Prenegotiated Bankruptcies

    An introduction to prepacks and prenegotiated Chapter 11 cases, including what they are, why they’re used, and their respective advantages and disadvantages. Also covers process, solicitation of votes, hearings, and documentation.

  2. still frame from Chapter 11 Plans 16 min

    Chapter 11 Plans

    A walkthrough of a sample Plan of Reorganization to show what’s in them and why, with explanations of the mandatory and discretionary plan provisions of Section 1123 of the Bankruptcy Code. Explains concepts like class designations and treatment, death trap provisions, and plan implementation.

  3. still frame from Chapter 11 Disclosure Statements and Orders 16 min

    Chapter 11 Disclosure Statements and Orders

    A walkthrough and explanation of a typical disclosure statement and order, including the related forms of notices and ballots. Covers the main requirements, contents, and drafting process.

  4. still frame from The 363 Sale Process 10 min

    The 363 Sale Process

    A discussion of the phases, process, and timeline in a 363 Sale. Includes marketing, stalking horse bidders, the APA, bidding procedures, the auction process, and court approval and closing.

  5. still frame from First Days 10 min

    First Days

    The “first days” in a Chapter 11 case are very important and serve as the basis for the company’s operation in Chapter 11. This course explains what happens in the first days and covers the various first day orders, motions, and hearings.

  6. still frame from Chapter 11 Plan Confirmations 8 min

    Chapter 11 Plan Confirmations

    A discussion of plan confirmation requirements under Section 1129 of the Bankruptcy Code, covering both consensual and nonconsensual (or cramdown) confirmations. Includes explanations of voting requirements, the best interests test, and the absolute priority rule.

  7. still frame from Restructuring Support Agreements 18 min

    Restructuring Support Agreements

    Restructuring Support Agreements (RSAs) are used to document support for a company’s proposed restructuring plan. This course discusses what’s in an RSA and how they’re used. It also walks through a sample RSA to explain their key provisions.