Overview of Plan Support Agreements
The expense, disruption and value deterioration inherent in sustained Chapter 11 proceedings have in recent years led to faster paced cases which are often, if not prepackaged, at least pre-negotiated (or pre-arranged). Debtors and sophisticated stakeholders are increasingly using plan support agreements to provide structure to a Chapter 11 case and set forth the pre-negotiated terms of a Chapter 11 plan.
June 08, 2018 at 03:45 PM
1 minute read
Benefits to Debtor
See Id. See, e.g., In re Genco Shipping & Trading Ltd.
Benefits to Creditors
See . Id. Id.
Assumption of the PSA
In re Genco See See
Different Treatment
Genco In re Residential Capital Id. In re Innkeepers USA Trust Id Id Id Innkeepers id id
Conclusion
Thomas R. Califano and Rachel Ehrlich Albanese are partners in the Restructuring Practice Group at DLA Piper.
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