A sampling of just a few select cases managed by Logan& Company offer an atypical overview of some of the many industries we service, their challenges, our solution and the result.

Telecommunications
Retail
Corporate
Environmental

Case 1: Telecommunications
Background
A telecommunications company with assets of over $1 billion dollars came to Logan & Company, Inc. for help in soliciting a pre-negotiated Chapter 11. The company had suffered a downturn resulting from the fallout in the telecommunications industry. In addition, the company had defaulted on a bond payment and was negotiating with its creditors to restructure the debt.

Challenge
The solicitation process required sending ballot packages to bondholders and was made more complicated by the need for confidentiality and speed.

Solution
Logan worked closely with management to understand their goals and objectives. Through a coordinated team effort, Logan went to work to identify and classify bondholders and create and produce personalized ballot packages. By providing tabulation management results on a daily basis, the company was able to determine its position consistently through the process.

Result
As a result, the customer was able to complete a successful restructuring and avoid a Chapter 11 filing.

Case 2: Retail
Background
A large retailer with over 1 million creditors needed help in producing a noticing package that would be sent via overnight delivery to 20,000 individuals.

Challenge
Because the package contained a Motion that was filed in the Bankruptcy Court, the mailing was time-sensitive and needed a proof of delivery certificate to be valid.

Solution
Logan received the names and addresses on a data file at 3:00 p.m. on the day of mailing. The data was converted and addresses with incomplete information were corrected. Missing zip codes were automatically updated and overnight delivery labels were generated. Notices were inserted into the overnight packages and mailing labels affixed to the outside envelope. Logan scheduled staggered pick-up times with the overnight carrier and by 10:00 p.m., all the notices were scanned and shipped.

Result
The certificate of service was filed in the Bankruptcy Court and the Debtor had its Motion successfully approved.

Case 3: Corporate
Background
A large client with assets over $200 billion needed help in tabulating a vote for a reorganization plan with over 1,000 bond issues within a 2-week timeframe.

Challenge
Ordinarily, this process would have taken over six weeks to complete. This task was further complicated by the fact that most of the public debt was held in street name. This meant that each bank and broker received over 1,000 packages that they needed to distribute to their clients.

Solution
Logan’s solution was to implement a special Web site for the bank and broker community. Over 1,000 documents were posted to this Web site in less than a day and were made accessible throughout the tabulation period.

Result
Through this mechanism, Logan was able to satisfy the noticing requirements of the Bankruptcy Court and ensure that all interested parties were properly served.

Case 4: Environmental
Background
An environmental company with over thirty-five filing entities needed help completing their Schedules of Assets and Liabilities and Statement of Financial Affairs in less than thirty days.

Challenge
The company had over six, decentralized accounts payable systems that were geographically diverse. In addition, a loss of personnel had impacted their ability to retrieve data and create reports.

Solution
Logan worked with the company to prepare a project plan that was task specific and enabled management to understand each specific area of responsibility. To streamline the sign-off process, all documents were posted to a special Web site that was accessible to internal management at all times.

Result
The Schedules of Assets and Liabilities and Statement of Financial Affairs were both successfully filed on-time. This enabled the company to move ahead with a fast-track bankruptcy and emerge from Chapter 11 as projected.