0:04
a chapter 11
0:06
reorganization can take anywhere from
0:09
six months to over a year it really
0:12
depends on the case and how complicated
0:15
it is if we’re moving very quickly
0:17
moving to a quick sale something like
0:19
that we can get to six months but if
0:22
we’re involved in a lot of negotiation
0:24
and restructuring a reorganization I
0:27
would say it’s typically a little bit
0:28
over a year but what’s interesting is
0:32
that clients who first come to me want
0:35
to get out as quickly as possible and
0:38
they want it to be a short process and
0:40
then frequently once they’re in chapter
0:44
11 they sometimes ask me can we extend
0:47
it a little bit more time and why
0:50
because they’re enjoying the protection
0:51
of the automatic stay they’ve put their
0:54
past debts on hold and so the payment
0:57
plan hasn’t started yet so they sense
1:00
are enjoying a debt holiday and so that
1:05
usually happens during a case