As last calculated, the national average for confirmed Chapter 11 plans was 28%. In contrast, since 1999, Allen, Jones & Giles has more than doubled that success rate, achieving confirmation of over 70% of its clients' Chapter 11 plans.
This plan confirmation rate is based on Allen, Jones & Giles's current attorneys’ success in bankruptcy cases filed by the firm from January 1999 through October 2019 (only including closed cases and only the lead case in jointly administered cases). The 28% national average referenced above is for Chapter 11 cases from 2008-15 and is the most recent period in which a study of national Chapter 11 plan confirmations rates is available. See Ed Flynn, “Chapter 11 Is for Individuals and Small Business?" American Bankruptcy Institute (December 2018). Past results are not a guarantee of future success.
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