Chapter 11 Plan of Reorganization (Secured and Senior Debt for Equity Exchange, Unsecured Claims Impaired) | Practical Law

Chapter 11 Plan of Reorganization (Secured and Senior Debt for Equity Exchange, Unsecured Claims Impaired) | Practical Law

This is a standard form of Chapter 11 plan of reorganization to be used when a class of secured or senior creditors, or both, has agreed to exchange all or a portion of its debt for equity. This form provides for a limited cash distribution to general unsecured creditors on a pro rata basis. This form has integrated notes with important explanations and drafting and negotiating tips. It also has optional clauses that can be selected for use in a prepackaged or pre-negotiated Chapter 11 case.

Chapter 11 Plan of Reorganization (Secured and Senior Debt for Equity Exchange, Unsecured Claims Impaired)

by Practical Law Bankruptcy & Restructuring
Maintained • USA (National/Federal)
This is a standard form of Chapter 11 plan of reorganization to be used when a class of secured or senior creditors, or both, has agreed to exchange all or a portion of its debt for equity. This form provides for a limited cash distribution to general unsecured creditors on a pro rata basis. This form has integrated notes with important explanations and drafting and negotiating tips. It also has optional clauses that can be selected for use in a prepackaged or pre-negotiated Chapter 11 case.