Bankruptcies

1
Bankruptcies

• Chapter 7 liquidation and dissolution.
• Chapter 12 reorganization for farmers.
• Chapter 13 reorganization for individuals.
• Chapter 11 reorganization for businesses.
• - File reorg plan in bankruptcy courthow will
  repay creditors.
• - Not everyone gets paid off.
• - Court must approve.

2
Bankruptcy Template

• Company files for type of bankruptcy for what
  reason.
• Court where its filed.
• Will company continue operating at what level?
• Is climb-out package already together?
• How did company get into the hole?
• Assets liabilities at time of filing.

3
Bankruptcy Template-2

• Who are largest creditors? Will they oppose?
• How much will creditors get of what theyre owed?
• What impact on other businessescustomers,
  suppliers.
• Law firms handling?
• When is approval expected?
• How long to emerge?