ABI Commission to Study the Reform of Chapter 11
v
D. Disclosure and Use of Postconfirmation Entities and Claims Trading .........................240 E. General Plan Content ...............................................................................................................246
1. Default Plan Treatment Provisions .......................................................................................................246 2. Exculpatory Clauses ....................................................................................................................................250 3. Third-Party Releases ..................................................................................................................................252
F. Plan Voting and Confirmation Issues .....................................................................................257
1. Class Acceptance Generally and for Cramdown Purposes ...........................................................257 2. Assignment of Voting Rights ....................................................................................................................261 3. Designation of Votes ....................................................................................................................................264 4. Settlements and Compromises in Plan ..................................................................................................266 5. Discharge of Claims upon Confirmation .............................................................................................268
G. Orders Resolving Chapter 11 Case (Exit Orders) ................................................................269
VII. Proposed Recommendations: Small and Medium-Sized Enterprise (SME) Cases ................................................................................................................................275
A. Definition of SME .......................................................................................................................279 B. General Application of SME Principles ..................................................................................289 C. Oversight of SME Cases .............................................................................................................291 D. Plan Timeline in SME Cases .......................................................................................................294 E. Plan Content and Confirmation in SME Cases .....................................................................296
VIII. Proposed Recommendations: Standard of Review and Key Definitions ...........................................................................................................303
A. General Standard of Review ....................................................................................................304 B. Key Definitions and Concepts in Principles ..........................................................................304
IX. Other Issues Relating to Chapter 11 Cases ..........................................................309
A. Venue of Chapter 11 Cases ........................................................................................................310 B. Core and Noncore Matters in Chapter 11 Cases ..................................................................314 C. Individual Chapter 11 Cases .....................................................................................................317 D. SIFIs and Single Point of Entry Schemes ................................................................................319 E. Cross-Border Cases .....................................................................................................................326
X. Conclusion ....................................................................................................................................331
Appendix A: Members of the ABI Commission to Study the Reform of Chapter 11 ........333
Appendix B: Research Assistants and Empiricists .................................................................................363