Facilitator Guide

Restructuring Options for Distressed Companies

Facilitator Guide

Restructuring Options for Distressed Companies

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

What’s covered

Factors companies consider in weighing their restructuring options
Pros and cons of restructuring outside bankruptcy
Out-of-court options: workouts, asset sales & ABCs
Pros and cons of filing for Chapter 11
The differences between traditional Chapter 11 cases, prepacks, prenegotiated bankruptcies, and other bankruptcy options

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/restructuring-options-for-distressed-companies/attendee

Prepare Yourself

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

Course

Restructuring Options for Distressed Companies

An explanation of the different types of restructuring transactions, including in-court and out-of-court transactions and their relative advantages and disadvantages. Covers options such as traditional Chapter 11 filings, prepacks, prenegotiated cases, 363 sales, and workouts.
Exercise
PDF

During the session

Part 1: Knowledge Check

Ask attendees these questions to ensure they understand the topic:

What are the main factors companies consider when weighing restructuring options?
What are the advantages and disadvantages of an out-of-court restructuring vs. Chapter 11?
What is a workout, and why is it less common when a company needs operational restructuring?
What’s the difference between a prepackaged bankruptcy and a prenegotiated bankruptcy?
What’s the main difference between a Chapter 7 and Chapter 11?

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.