In this bylined article in The Bankruptcy Strategist, O’Melveny partners John Rapisardi and Joseph Zujkowski offer their analysis of Chapter 11 plan support agreements.
“Plan support agreements are often an essential component of a successful complex Chapter 11 reorganization and provide a framework for a debtor’s financial restructuring,” the authors note.” These agreements have increasingly been used to induce core groups of major lenders and bondholders to support a debtor’s restructuring in return for enhanced recoveries.”
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