Otelco’s chapter 11 is at the plan-effective endpoint, rather than an active financing, sale, or confirmation process. The debtor and affiliated debtors filed voluntary chapter 11 petitions on March 24, 2013, commencing a jointly administered restructuring centered on a prepackaged reorganization rather than a prolonged in-court process. Otelco was a regional telecommunications provider whose capital structure included first-lien senior secured revolving and term facilities, as well as 13% senior subordinated notes; the identified facilities totaled approximately $269.8 million in funded debt.