TABLE OF CONTENTS

• Jurisdiction: United States

INTRODUCTION.............................................................................................1

CHAPTER 1: The Retention of a CRO.........................................................3

A. Scope of Authority.............................................................................4

B. Chapter 11 Retention Application Issues ............................................ 8

C. The Zone of Insolvency....................................................................15

D. Compensation Structure...................................................................18

E. Reporting Relationship.....................................................................20

F. Financial and Turnaround Plans.......................................................24

G. Unusual Circumstances....................................................................25

CHAPTER 2: When Is Bankruptcy the Best Option?..............................29

A. Brief Overview of Out-of-Court Restructuring Alternatives.............30

B. Chapter 7 Liquidation......................................................................33

C. Chapter 11 Business Reorganization................................................34

D. Chapter 11...