how many os can you find in:
this type of bankruptcy case occurs when there is consensus, among institutional creditors who are owed large amounts of debt by the debtor company, that a chapter 11 case should be filed, but the terms and conditions cannot be agreed upon prior to filing.
if terms and conditions of treatment of creditors and debtor release provisions can be agreed upon by creditors in advance, the company could complete and obtain acceptance of a proposed plan of reorganization before the bankruptcy case and it would become a prepackaged chapter 11 case.
but here, in a prearranged case, the company prepares for chapter 11 bankruptcy by negotiating with lenders for debtor-in-possession financing, preparing pleadings for filing with the bankruptcy court, and preparing a disclosure statement and plan of reorganization for immediate post-filing solicitation to creditors.
the goal is to enter into bankruptcy, obtain immediate approval of disclosure statement and plan of reorganization for solicitation to all classes of creditors, and exit bankruptcy within six to eight months after the filing of the case.
while the purpose is to allow the debtor company time and distance from pre-bankruptcy debts, a company in prearranged bankruptcy typically has fewer issues to restructure, which allows it to exit bankruptcy quicker and get back to going concern operations.
in each of the phases of the case, different restructuring actions take place with the ultimate goal of settling all debts of the bankruptcy estate and closing of the case.
pre-petition phase: preparation for solicitation of plan of reorganization, chapter 11 filing preparation, negotiating with creditors and operational controls.
post petition phase: chapter 11 compliance, deleveraging of business operations, solicitation execution and financial restructuring which culminates in plan confirmation.


user
The total number of "o"s in that passage is one hundred and thirty.
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