To execute its recapitalization, CWT expects to file for a prepackaged Chapter 11 bankruptcy reorganization as soon as this month. Legal experts see signs supporting the company's view that it will emerge on solid footing.

In a "prepack," a company aims to quickly fulfill the bankruptcy legalities, achieve approvals and get back to business. A large portion of creditors agree to the plan in advance.

"Instead of filing bankruptcy, negotiating with creditors, proposing a plan and then seeking votes, the plan is . . .

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Jay Campbell

Before starting The Company Dime with David Jonas in 2014, journalist Jay Campbell a decade earlier created travel business newsletter The Beat. In 2006, Jay co-founded Travel Procurement magazine and in 2010 helped integrate them with Business Travel News. He served as BTN's editorial director until 2013. Jay made his travel industry media debut in 1993 at the Air Travel Journal of Boston while earning his undergraduate degree in journalism at Boston University. He would be happy to connect on LinkedIn. He's here at CorporateTravel.social on Mastodon.

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