Your firm owns a chain of 100 department stores, 30 of which are operating profitably while 70 are losing money every month. You estimate that, in two months, you will no longer have the cash necessary to pay your bills as they come due and, to make matters worse, your banks will not loan you any more money and no one wants to but stock in your company, or contribute any equity capital regardless of form or percentage interest in the company. You are currently obligated under long-term store leases and employee agreements, including guaranteed wage increases, bonus programs, and retired employee health care obligations. In addition, you have lost an employee class-action lawsuit are facing a multi-million dollar judgment for non-payment of overtime wages. Loans from your current lenders are general unsecured corporate obligations and your inventory is not pledged as collateral for any obligation.
Given the above (and any other reasonable assumptions made by you), design a Chapter 11 bankruptcy plan of reorganization that sets forth at least five specific actions (1 through 5) which you could take with court approval as part of a Chapter 11 reorganization process, but could most likely never be accomplished outside of Bankruptcy.