Facilitator Guide

Chapter 11 Plans

Facilitator Guide

Chapter 11 Plans

Topic: Restructuring
Duration: 1 hr
Format: Remote or in person

What’s covered

Mandatory provisions of plans
Discretionary provisions of plans

Before the session

Prepare the Attendees

Send the attendees an invitation for the session. Include this link, which has the videos and exercise they’ll need to prepare.

https://www.hotshotlegal.com/trainings/chapter-11-plans/attendee

Prepare Yourself

Watch the videos and read the exercise so you’re familiar with the Hotshot material.

Course

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.
Exercise
PDF

During the session

Part 1: Knowledge Check

Ask attendees these questions to ensure they understand the topic:

What limitations are there on how a plan designates classes of claims and interests?
What does it mean for a class to be “unimpaired”, and what if anything does a plan have to state about unimpaired classes?
What does a plan need to state about impaired classes?
What are “death trap” provisions and why are they used?
Can a plan treat one claim in a particular class differently than other claims?
What are some discretionary provisions that may be included in plans?

Part 2: Group Exercise

Lead a group discussion based on the exercise. To encourage collaboration, divide the attendees into groups to discuss the exercise, then have a representative from each group summarize their views to the larger group. Call on people to share their thoughts and ask others to respond.

Tip for remote sessions: use your web conferencing system’s breakout room feature to divide people into groups.

Part 3: War Stories and Firm Specifics

Share your own experiences and guidance, including:

Anecdotes and war stories (e.g., about a near-disaster or a tough negotiation)
General practice tips (dos and don’ts)
Firm-specific guidance and practices

After the session

To continue their learning, attendees can check out related courses in Hotshot’s Restructuring topic.

About Hotshot

Hotshot helps lawyers develop their legal, business, and technology skills through short videos, quizzes, and summaries, and we help law firms and law schools plan and deliver engaging training programs. Our customers include Am Law 200 firms, top law schools, and regional and international firms.