M&A Advisor Podcast

The Pioneer of Pre-Packs: Advantages and Advancements Over 35 Years


Listen Later

Stop wasting years in Chapter 11 litigation! Learn directly from Jay Goffman, the inventor of the pre-pack, how to save distressed companies quickly and cost-effectively. In this episode with Derek Hunter, Jay reveals the mindset shift from "warrior" lawyer to creative business problem-solver. Don't let your firm be left behind—master this mindset and accelerate your deal-making craft today. 

  • [0:02:00] Meet Jay Goffman, the pioneer and inventor of the pre-pack restructuring 

  • [0:03:00] The unplanned journey: How a neurochemistry major stumbled into bankruptcy law 

  • [0:05:00] The key to success: Hard work, a creative streak, and the value of mentors. 

  • [0:06:00] Hiring for restructuring: Why a team-first, all-in mentality beats high grades alone. 

  • [0:08:00] The pre-pack origin story: Solving a multinational, multi-tier bond problem. 

  • [0:10:00] Thinking differently: The switch from multi-year litigation to a business transaction mindset. 

  • [0:11:00] The Midnight Memo: Jay writes the first-ever proposal for a pre-packaged plan. 

  • [0:14:00] The first pre-pack: Succeeding with Mex Telex despite objections and no examples. 

  • [0:15:00] The difference: Comparing the "warrior" versus the "business deal" restructuring approach. 

  • [0:16:00] Liability Management: It's not new, but it needs to truly fix the problem 

  • [0:18:00] The Pre-Pack Mindset: A technique to fix any problem quickly and cost-effectively 

  • [0:19:00] The evolution: Why it's possible for operational, international, and even mass tort cases. 

  • [0:21:00] Global restructuring: Using US law firm retainers to leverage foreign cases. 

  • [0:23:00] Parting Advice: Be passionate, find mentors, and show genuine care for clients. 

Connect with the M&A Advisor community and stay on top of the latest trends and interviews: 

  • M&A Advisor: https://maadvisor.com 

  • M&A Alerts Newsletter: https://maadvisor.com/maalerts  

  • LinkedIn: https://www.linkedin.com/company/the-m&a-advisor 

  • Facebook: https://www.facebook.com/maadvisor 

  • YouTube: https://www.youtube.com/user/Maadvisor 

...more
View all episodesView all episodes
Download on the App Store

M&A Advisor PodcastBy M&A Advisor