The Financial Advisor’s Role in Complex Chapter 11 Cases

This panelists discuss the financial advisor’s role in a complex chapter 11 case by focusing on pre-bankruptcy planning (13-week cash flow, identification of critical vendors, WARN Act considerations, preservation of pre-petition records), DIP financing (cash-collateral budgets (i.e., 13-week cash forecast), weekly monitoring of cash flow), first-day motions (critical vendors, suppliers, cash management (including permission to use pre-petition bank accounts, honoring outstanding checks and intercompany transactions), employees, insurance, industry-specific considerations (i.e., health care, mining, energy, etc.)), plans of reorganization (plan-support agreements and negotiations of the terms of a plan, identification of classes of creditors) and disclosure statements (feasibility, liquidation analysis).