1. Chapter 11 Through the Debtor’s Eyes CMA/NACM Oregon Webinar Presentation February 19, 2009 Jonathan Friedland Levenfeld Pearlstein LLC 2 N. LaSalle Street, Suite 1300 Chicago, IL 60602 (312) 476-7528
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7. Chapter 11 Timeline Emergence from Chapter 11 Filing and Stabilization Company files for reorganization under Chapter 11 Bar Date Court approves Company’s disclosure statement Creditors approve plan of reorganization Plan of reorganization is negotiated Court confirms plan of reorganization Preparation Plan Formulation and Confirmation Exit Restructuring Formulate business plan and execute restructuring transactions