Chapter 11 Plan Confirmation Resource Kit

Summary

This resource kit provides an overview of the Chapter 11 plan confirmation process. The primary objective of Chapter 11 proceedings is to have the debtor successfully exit bankruptcy as a viable entity having filed and achieved plan confirmation. To achieve this objective, companies sometimes file a prepackaged bankruptcy (where the plan has already been accepted by creditors or solicitation of acceptances is already underway) or a prenegotiated bankruptcy case (where creditors are bound to support the restructuring through a lockup agreement). For more information on these bankruptcy options, see Prepackaged Bankruptcies: Basic Principles.