ANGELA FERRANTE NEWS

When gearing up for a chapter 11 filing most companies are concerned with the most difficult issues that concern a chapter 11 case – Debtor in Possession (or DIP) financing, cash collateral issues, etc. While each of those topics are extremely important, creating a process that maximizes efficiencies and achieves cost savings is also very important to companies undergoing this complicated and often daunting process. The goal of most companies is, after all, to get in, get out and come out a stronger and leaner company. The following are 5 simple tips that can easily obtain efficiencies and that are often overlooked when planning for the “B” word.

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