Faculty will be organized into three teams:
- Team one will pitch the out-of-court reorganization of Delightful Donuts.
- Team two will pitch the reorganization of Delightful Donuts in a bankruptcy filing.
- Team three will serve as board and management.
Teams will consider such matters as:
- How does the Bankruptcy Code’s definition of "disinterested" push certain parties to accomplish the restructuring out of court?
- During conflicts, how much should clients be prepared to give? Does that change if there is to be a filing?
- Is it appropriate for investment bankers to seek prepayment so they don't have to get retained?
- How do management and the board weigh such considerations as their own compensation or claims against property during a filing?
- Will financial advisors and investment bankers negotiate additional fees tied to the achievement of company goals? Would this action be in the best interests of the company?
