Using Prepackaged Plans to Speed Through Bankruptcy Courts by Veronica Polnick

Jackson Walker
Not all bankruptcy plans need to be drawn-out or costly affairs. Jackson Walker attorney Veronica Polnick explains how a bankruptcy prepack plan speeds up the time it takes to emerge from bankruptcy proceedings. One such example is Jackson Walker's representation of Mood Media Corp. and its 17 affiliates in filing a prepackaged reorganization plan and emerging from bankruptcy in just over 30 hours—a record for the Southern District of Texas.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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