What To Expect In CWT’s Bankruptcy

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

Author: Jay Campbell

Jay Campbell in 2004 created travel business newsletter The Beat, in 2006 co-founded Travel Procurement magazine and in 2010 integrated them with Business Travel News. He served as 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.
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