Legally & Practically: What Avaya’s Chapter 11 Means to Customers
As Avaya comes before the bankruptcy judge today in its second major court appearance since filing for Chapter 11 protection on Jan. 19, it’s hoping that the final orders will be approved and “negotiations will begin in earnest,” as Avaya’s John Sullivan, VP or corporate treasury, shared with No Jitter Editor Beth Schultz (and she related to me). However, the company recognizes that the just-formed unsecured creditor group may request, and be granted, more time.
Either way, I figured it was time to brush up on bankruptcy law. For that, I turned to well-respected — and very smart — bankruptcy attorney Bill Brown of Phillips Lytle. My experience with bankruptcy law is limited (make that zero), and I knew I could learn a lot from him, which I did. Not only did he give me a thorough tutorial, but also a volume of documents that Avaya filed.