Prepackaged and Prenegotiated Chapter 11 Plans: Current Trends and Strategies
Prepackaged and Prenegotiated Plans, Plan Support Payments, Super Speed Prepacks, and More
Recording of a 90-minute CLE video webinar with Q&A
This CLE course will analyze the benefits and risks of prenegotiating or prepackaging a chapter 11 plan, including the complexities that professionals face in negotiating and structuring them and current trends and decisions such as the emerging use of “super speed” prepacks and recent decisions regarding plan support agreements or “PSAs” that call for significant payments to be made to PSA parties and their professionals. Attendees will come away with useful strategies for representing debtors, creditors, and other constituents.
Outline
- Overview of prepackaged and prenegotiated bankruptcy plans
- When each is appropriate
- Jurisdiction and venue issues
- Differences between the plans
- Current issues that are heavily contested
- Super Speed Prepacks
- PSA Support Payments
- Strategies
- Debtor strategies
- Secured creditor strategies
- Unsecured creditor strategies
Benefits
The panel will review these and other key issues:
- The benefits and risks associated with prepackaged and prenegotiated bankruptcy plans
- The complexities involved in negotiating, structuring, or challenging prepackaged or prenegotiated plans and support agreements
- Current trends such as the emergence of “super speed” prepacks
- Recent decisions and issues, including recent decisions regarding plan support agreements (PSAs) and payments to PSA parties
Faculty
Van C. Durrer, II
Partner
Dentons
Mr. Durrer is a member of Dentons’ Restructuring, Insolvency & Bankruptcy practice. He advises... | Read More
Mr. Durrer is a member of Dentons’ Restructuring, Insolvency & Bankruptcy practice. He advises clients in restructuring matters around the Pacific Rim. Mr. Durrer's diverse practice includes representing public and private companies, major secured creditors, official and unofficial committees of unsecured creditors, investors and asset-purchasers in troubled company mergers and acquisitions, financings and restructuring transactions. His work spans industries such as financial services, retail, hospitality, gaming, real estate, entertainment, energy, healthcare, manufacturing, logistics and telecommunications. Known for his finesse and sophistication, Mr. Durrer has built strong relationships across nearly every jurisdiction, making him a trusted advisor in the most challenging restructuring matters.
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Mette H. Kurth
Partner
Culhane Meadows Haughian & Walsh
Ms. Kurth focuses on all aspects of financial restructuring, distressed situations, and bankruptcy issues, and uses her... | Read More
Ms. Kurth focuses on all aspects of financial restructuring, distressed situations, and bankruptcy issues, and uses her experience to develop pragmatic and creative solutions to protect her clients' interests. She has represented a variety of creditors' committees, debtors, unsecured creditors, acquirers of bankrupt companies, and trustees both in out-of-court workouts and in federal bankruptcy cases.
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Naomi Moss
Partner
Akin Gump Strauss Hauer & Feld
Ms. Moss focuses on in- and out-of-court restructurings, with an emphasis on bondholder committees and creditors’... | Read More
Ms. Moss focuses on in- and out-of-court restructurings, with an emphasis on bondholder committees and creditors’ committees in large, complex cases.
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