Chapter 11 Planning

Successful Chapter 11 proceedings require advance planning. Major activities include:

• Determining which entities will be filed

• Determining best jurisdiction for filing

• Assessing impact of filing on the various business assets

• Assessing impact of filing on cash management systems

 • Identifying critical vendors and ensuring continuing services and products required

 • Determining requirements and working with counsel to prepare first day orders

 • Determining business strategies to minimize negative impact of filing

 • Understanding cash flows of operating the business following filing

 • Arranging for DIP financing if required

 • Developing communication plans for customers, creditors, employees and shareholders

 • Preparing Schedules and Statement of Financial Affairs

 • Preparing list of Creditors

 • Developing plans for rejection of executory contracts

• Conduct negotiations with appropriate constituents to achieve a pre-packaged arrangement that could dramatically reduce time and expense of Chapter 11\proceedings

 

Our familiarity and experience reorganizing companies in the U.K. and Europe allows Quest to perform comparable pre-planning for complex cross- border transactions.

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