“Collaborate,” not “dictate”: The importance of collaboration in structuring a successful claims-resolution process

While each corporate debtor and chapter 11 case is different, what all (or substantially all) have in common is the need for a process to resolve the numerous proofs of claim filed against the debtor. These processes can range from simple and straightforward to vast and unwieldy, with no two processes exactly alike. In order for the claims-resolution process to be successful, it is important for case professionals to prepare the company in advance for the process and have a plan for collaboration in order to maximize efficiency.