What is the key to a successful chapter 11?
• its principals and agents are thoughtful, energetic, and resourceful; • it is diligent in seeking debtor-in-possession financing; • it cooperates with its attorneys to develop a feasible plan; • it complies with all the requirements of the Code, Rules, Court, and Trustee; • it is flexible in its negotiations and creative in seeking solutions to problems. • its professionals work hard to present the company’s achievements and dreams to the trustee, the creditors, and the court.
