Navigating Court Judgments and Amended Plans in Restructuring Cases

This chapter explores the challenges faced by a company in amending its restructuring plan following a court judgment, focusing on the composition of creditors and stress testing of plan terms. It highlights the court's flexibility in sanction hearings and the balancing act between fairness, efficiency, and avoiding delays. The discussion also delves into the disenfranchisement of out-of-the-money stakeholders and the court's role in ensuring a fair distribution of benefits in restructuring cases.