Facilitator Guide

Overview of a Chapter 11 Case

Facilitator Guide

Overview of a Chapter 11 Case

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

What’s covered

Venue, liquidity runway, and other considerations while preparing for Chapter 11
The petition date, the creation of the bankruptcy estate and the automatic stay
First-day motions and hearings
The “case administration” period
The plan, disclosure statement, and solicitiation process
Confirmation and exit from Chapter 11

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/overview-of-a-chapter-11-case/attendee

Prepare Yourself

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

Course

Overview of a Chapter 11 Case

An overview of the main stages of a Chapter 11 case, including venue and liquidity runway considerations; filing and commencement; administration; the Chapter 11 plan, disclosure statement, and solicitation process; and plan confirmation and exit from Chapter 11.
Exercise
PDF

During the session

Part 1: Knowledge Check

Ask attendees these questions to ensure they understand the topic:

How does a company’s liquidity runway affect its plans for a Chapter 11 filing?
What are three important things that are triggered by the petition date?
What are “pre-plan” transactions and how are they treated differently from ordinary course operations during Chapter 11 case administration?
What’s the difference between a Chapter 11 plan and a disclosure statement?
Who has a right to vote on a Chapter 11 plan?
If approved, when does the plan become effective?

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.