Altman CLE Materials

Bankruptcy Claims, Noticing & Balloting

An Overview of How Debtors Interface With Their Creditors from Commencement of Case Through the Vote on the Plan of Reorganization/Liquidation

  1. Main course materials (61 pages) (Scroll down to see Table of Contents for an overview)
  2. Exhibit 1 – Ballot/Master Ballot (22 pages)
  3. Exhibit 2 – Montgomery Ward Committee Materials (27 pages) (May take a few minutes to download.)
  4. Exhibit 3 – Montgomery Ward GE Capital Materials (16 pages) (May take a few minutes to download.)

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Law Firms Where We Have Presented the CLE Course in 2008

  1. Paul, Weiss, Rifkind, Wharton & Garrison – October 15, 2008 (New York)
  2. Kirkland & Ellis – August 7, 2008 (New York and via videoconference to Chicago)
  3. Vinson & Elkins – July 16, 2008 (New York and via videoconference to Dallas)
  4. Willkie Farr – May 23, 2008 (New York)
  5. Greenberg Traurig – May 14, 2008 (New York and via videoconference to 9 other offices)
  6. Skadden Arps – April 30, 2008 (Wilmington)

Law Firms Where We Presented the CLE Course in 2003:

  1. Arent Fox
  2. Davis Polk & Wardwell
  3. Debevoise & Plimpton
  4. Dechert
  5. Fulbright & Jaworski
  6. Gibson Dunn & Crutcher
  7. Kaye Scholer
  8. Paul Weiss Rikfind Wharton & Garrison
  9. Richards Layton & Finger
  10. Sidley Austin
  11. Skadden Arps (Wilmington)
  12. Stroock & Stroock & Lavan

TABLE OF CONTENTS

1. Case Categories. 6

2. Commencement of Case Notice. 7

3. Notice Mailings and Publication Notice. 8

4. Why Are Public Security Holders Almost Always Treated Differently Than Other Creditors in a Bankruptcy Case?. 13

5. Who Gets a Claim Form?. 14

6. How a Claim is Processed. 18

7. Goal of a Claims Agent 19

8. Claims and Voting. 20

9. Key Elements of a Voting Procedures Order 21

10. Balloting from a Disclosure Statement Perspective. 23

11. Timing Issues. 24

12. CHART: Who Gets a Ballot 25

13. Communicating With Holders of Public Securities. 26

14. CHART: Communicating With Holders of Public Securities. 27

15. CHART: Who Gets a Ballot?. 28

16. Ballot Tabulation. 29

17. Ballot Forms. 30

18. Key Elements of a Beneficial Owner Ballot 31

19. Master Ballot Voting Methodology. 33

20. Certification of Voting Results. 35

21. Complex Public Securities Solicitations & Bondholder Issues. 36

22. CASE STUDY #1: Very Complicated Public Securities Ballot 37

23. CASE STUDY #2: Equity Election & Loaned Positions. 40

24. CASE STUDY #3: Bondholder ID, the Wrong Way to Do a Distribution to Public Securities Holders & How to Fix the Problems Created. 41

25. CASE STUDY #4: Bondholder ID & Distribution – The Long Version. 46

26. CASE STUDY #5: Releases & Identifying Non-Releasing Public Securities Holders 47

27. Balloting Agent vs. Solicitation Agent 49

28. Contested Plan Solicitations & Competing Plans. 50

29. CASE STUDY #1: Dow Corning Tort Claimants Committee. 51

30. CASE STUDY #2: COHO Energy. 52

31. CASE STUDY #3: Montgomery Ward II 53

32. CASE STUDY #4: Pacific Gas & Electric. 54

33. CASE STUDY #5: El Comandante Management Co. 55

34. Distribution Issues

35. Miscellaneous Things to Keep in Mind

. 58