Hedge Fund Glossary

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a “pre-packaged” Bankruptcy plan of reorganization. A Pre-Pack is a plan of reorganization that is formulated and agreed to between a company’s shareholders and its creditors prior to the company’s filing for Bankruptcy. In fact, votes on the plan are solicited even before the Bankruptcy case is filed. The Pre-Pack is filed with the Bankruptcy court at the time of the Bankruptcy filing and confirmation of the plan could follow a few weeks later. The purpose of a Pre-Pack is to shorten the duration of the Bankruptcy proceedings and reduce costs.

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is a comprehensive glossary of hedge fund slang, legal and regulatory terminology, and acronyms.

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