Restructuring Debt and Liabilities, Case for Arch Wireless, Inc.

Assume a substantial consolidation is approved.
Q4: Based on your estimate of Arch’s enterprise value, design a Chapter 11 plan of reorganization for Arch, assuming you are the debtor. Your plan should propose specific distributions of new securities and/or cash to Arch’s various claimholders. Assume that $300 million of debt and new common stock are available to be distributed under the plan.