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Chapter 11 Plan Support Agreements: Greasing the Wheels for Confirmation Success

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. 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.

11 minute readJanuary 01, 2020 at 12:09 AM
By
John J. Rapisardi
Joseph Zujkowski 
Chapter 11 Plan Support Agreements: Greasing the Wheels for Confirmation Success

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. 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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