Log in or Sign up
prepack love

prepack

Definitions

Sorry, no definitions found. Check out and contribute to the discussion of this word!

Etymologies

Sorry, no etymologies found.

Support

Help support Wordnik (and make this page ad-free) by adopting the word prepack.

Examples

  • If enough bondholders supported the so-called prepack, company officials reasoned, CIT's troubles could be solved much more quickly and elegantly.

    NYT > Home Page 2009

  • James Harris, President of Seneca Financial Group in New York, said a 'prepack' deal combined with a small amount of financial aid from the government - rather than $25 billion - is the most logical path.

    Leftlane - news, reviews, and info for the auto-industry 2008

  • A proposed one-page plan for the 'prepack' that commenter Rover proposes in Jim's post below.

    The American Scene Jeremy Reff 2008

  • The first thing that becomes obvious, when you start digging into the subject of a G.M. bankruptcy, is that the idea of a so-called prepackaged bankruptcy - a "prepack," as it's called - is not remotely applicable for any of the Big Three auto companies.

    Rocky Mount Telegram - Business 2008

  • The first thing that becomes obvious, when you start digging into the subject of a G.M. bankruptcy, is that the idea of a so-called prepackaged bankruptcy - a "prepack," as it's called - is not remotely applicable for any of the Big Three auto companies.

    Reflector - Latest Headlines from The Daily Reflector 2008

  • Blacks Leisure, the outdoor retailer, will be sold in a prepack administration to rival JD Sports for about £20m and most of the lingerie chain La Senza will enter administration after Middle Eastern retailer Alshaya picks up about 60 of the most profitable stores.

    Retail industry hit hard by bleak trading over Christmas 2012

  • The week before your move, you will start to get anxious and try to prepack things.

    Married to the Military Meredith Leyva 2009

  • The week before your move, you will start to get anxious and try to prepack things.

    Married to the Military Meredith Leyva 2009

  • The only thing that I do not care for is prepack hamburger.

    Mouse Print»Blog Archive » Where’s the Beef Pork? 2008

  • WAGONER: This idea of a prepack bankruptcy is pure fantasy.

    CNN Transcript Nov 18, 2008 2008

Log in or sign up to add your own related words.

forms (1)

Forms

  1. prepacked

Comments

Log in or sign up to get involved in the conversation. It's quick and easy.

  • MaryW commented on the word prepack

    In 2010, many major companies filed prepackaged or prearranged bankruptcies rather than conventional ones. A 2011 AlixPartners survey of bankruptcy professionals predicted that more than half of the large company filings over the coming year would be prepacks, and that prepackaged bankruptcy filings would continue in significant numbers in the ensuing years as well.1 For parties seeking to restructure a company quickly, a prepackaged plan of reorganization can be a powerful and effective tool that provides distinct advantages over both a conventional bankruptcy filing and an out-of-court restructuring. Most notably, a prepack may offer a company the fastest route to restructure through bankruptcy and obtain at least some (though not all) of the benefits potentially offered to companies in a conventional bankruptcy under title 11 of the U.S. Code (the Bankruptcy Code).

    Unlike a conventional bankruptcy, in a prepack nearly all negotiation takes place out of the public eye and without the oversight of any bankruptcy court, the Office of the U.S. Trustee or a creditors' committee.

    Paul Basta et al., A Practitioner's Guide to Pre-Packaged Bankruptcy: A Primer (American Bankruptcy Institute), p. 1

    April 19, 2017