New Study by UpShot Services and Chapter 11 Dockets Reveals Chapter 11 "Free-Fall" Bankruptcies Taking Longer

DENVER, March 4, 2013 /PRNewswire/ -- A new study conducted by claim and noticing agent UpShot Services LLC and research database firm Chapter 11 Dockets reveals that while prepackaged bankruptcies continue to get shorter, traditional, "free-fall" cases are, in fact, taking longer.  Titled "The Fast & Laborious:  Chapter 11 Case Trends," the study's findings were published in the March issue of American Bankruptcy Institute (ABI) Journal in an article co-authored by Dennis A. Meloro of Greenberg Traurig, Randall Reese of Chapter 11 Dockets, and Travis Vandell of UpShot Services LLC.

"We were initially surprised by the dichotomy of shorter cases getting shorter and longer cases getting longer," commented Vandell, UpShot's CEO and co-founder.  "However, upon further analysis, we identified some potential driving forces behind this trend, ranging from the real or perceived value of the debtor's estate as a going concern; the growing complexity of companies' capital structures and competing tiers of debt; and the challenge of collective bargaining issues within Chapter 11."

The study examined case duration trends from January 1, 2008 to December 31, 2012 based on every voluntarily filed Chapter 11 case during that timeframe by companies with assets of at least $250 million.  UpShot Services and Chapter 11 Dockets conducted the study using the proprietary precedent research database available as a resource on UpShot Services' web site as UpShot Library and to Chapter 11 Dockets users. 

Both UpShot Library and Chapter 11 Dockets are powered by a research database system that specifically focuses on Chapter 11 case research.  Designed by experienced corporate restructuring professionals, it covers nearly 1,800 Chapter 11 cases, counting jointly administered cases only once.  It provides more than 2.9 million documents in the same format available from the court's database and is updated four times daily.

About UpShot Services LLC
Headquartered in Denver, Colo., UpShot Services LLC is a claims & noticing firm founded by industry veterans who pioneered a new standard of efficiency to serve the administrative needs of companies in corporate bankruptcy.  UpShot helps debtors and their professionals navigate the intricacies of claims and noticing without the burden of high administrative costs.  Its easy-to-use, scalable technology and industry expertise enable corporate debtors and their professionals to do more with less, with 24/7 support from experienced experts at every stage of corporate restructuring. 

SOURCE UpShot Services LLC