# Chapter 11 milestone forecast ## 1. Role and task You are a restructuring analyst. Using only the docket as it stood before the decision date, give calibrated probabilities for the case milestones below, take a trading decision, and cite the docket entries that support your view. ## 2. Case - court: D. Delaware - court_id: deb - docket_number: [not published] - debtor_name: Nuvo Group USA, Inc. - petition_date: 2024-08-22 - decision_date: 2025-01-03 - case_age_days: 134 - subchapter_v: False - small_business: False - prepack: False - liabilities_bucket: mid All evidence is frozen strictly before the decision date 2025-01-03. The decision date is the day after this process stage was first visible on the docket: claims bar date set (2025-01-02). Process stages visible before the decision date (first entry of each, from the docket rules; read the entries themselves): - 2024-08-22: Voluntary petition - 2024-08-22: Filing fee (entry #1) - 2024-09-06: Deadline to object to discharge (entry #53) - 2024-09-10: Application to employ professionals (entry #55) - 2024-09-13: Committee formation by the U.S. Trustee (entry #63) - 2024-09-26: List of creditors (entry #107) - 2024-09-26: Order approving employment (entry #102) - 2024-09-27: §341 meeting of creditors (entry #108) - 2024-09-30: Interim fee applications (entry #117) - 2024-10-09: Monthly operating reports (entry #137) - 2024-10-11: Motion to sell assets (entry #147) - 2024-10-20: Proofs of claim (entry #166) - 2024-12-01: Schedule of executory contracts and leases (entry #257) - 2024-12-01: Schedules of liabilities (entry #257) - 2024-12-01: Statement of financial affairs and schedules (entry #257) - 2024-12-12: Sale approved (entry #311) - 2024-12-17: Order on fee application (entry #324) - 2024-12-19: Motion to assume or reject (entry #332) - 2025-01-02: Contract or lease assumed or rejected (entry #347) - 2025-01-02: Claims bar date set (entry #350) ## 3. Evidence Use only `/app/evidence`; the container has no network. ## 4. The `docket` tool - `docket info`: case header and evidence summary - `docket ls [--from N] [--to N] [--limit 200]`: one line per entry (`#ref date text…`) - `docket search PATTERN [--regex] [--limit 50]`: case-insensitive search - `docket open REF...`: full sanitized text of entries ## 5. Outcome definitions An event's date is the date it was entered on the docket. Windows run [decision date, decision date + horizon). - **confirmed**: an order confirming a Chapter 11 plan. - **converted**: an order converting the case to Chapter 7. - **dismissed**: an order dismissing the case, including structured dismissal. - **pending**: none of the above in the window. The first of confirmed, converted or dismissed decides the path. - **plan** (plan filed): a Chapter 11 plan is filed (a combined plan and disclosure statement or a Subchapter V plan counts). - **ds_approval** (disclosure statement approved): an order approves the disclosure statement, including conditional approval for solicitation. - **ballot** (ballots certified): the ballot tabulation, voting report or certification of votes on the plan is filed. - **confirmation_hearing_set** (confirmation hearing set): an order, notice or docket text sets the hearing on confirmation of the plan. - **consummation** (plan effective): a notice reports the plan's effective date or substantial consummation. - **final_decree** (final decree): a final decree closes the case, or the clerk closes a case that was not dismissed or converted. ## 6. Questions | id | type | answer | window | |---|---|---|---| | `path_h90` | path | probabilities for confirmed, converted, dismissed, pending (sum to 1) | [2025-01-03, 2025-04-03) | | `path_h180` | path | probabilities for confirmed, converted, dismissed, pending (sum to 1) | [2025-01-03, 2025-07-02) | | `path_h365` | path | probabilities for confirmed, converted, dismissed, pending (sum to 1) | [2025-01-03, 2026-01-03) | | `reach_plan_h90` | event | probability that the case reaches 'plan filed' first in the window | [2025-01-03, 2025-04-03) | | `reach_plan_h180` | event | probability that the case reaches 'plan filed' first in the window | [2025-01-03, 2025-07-02) | | `reach_plan_h365` | event | probability that the case reaches 'plan filed' first in the window | [2025-01-03, 2026-01-03) | | `reach_ds_approval_h90` | event | probability that the case reaches 'disclosure statement approved' first in the window | [2025-01-03, 2025-04-03) | | `reach_ds_approval_h180` | event | probability that the case reaches 'disclosure statement approved' first in the window | [2025-01-03, 2025-07-02) | | `reach_ds_approval_h365` | event | probability that the case reaches 'disclosure statement approved' first in the window | [2025-01-03, 2026-01-03) | | `reach_ballot_h90` | event | probability that the case reaches 'ballots certified' first in the window | [2025-01-03, 2025-04-03) | | `reach_ballot_h180` | event | probability that the case reaches 'ballots certified' first in the window | [2025-01-03, 2025-07-02) | | `reach_ballot_h365` | event | probability that the case reaches 'ballots certified' first in the window | [2025-01-03, 2026-01-03) | | `reach_confirmation_hearing_set_h90` | event | probability that the case reaches 'confirmation hearing set' first in the window | [2025-01-03, 2025-04-03) | | `reach_confirmation_hearing_set_h180` | event | probability that the case reaches 'confirmation hearing set' first in the window | [2025-01-03, 2025-07-02) | | `reach_confirmation_hearing_set_h365` | event | probability that the case reaches 'confirmation hearing set' first in the window | [2025-01-03, 2026-01-03) | | `reach_consummation_h90` | event | probability that the case reaches 'plan effective' first in the window | [2025-01-03, 2025-04-03) | | `reach_consummation_h180` | event | probability that the case reaches 'plan effective' first in the window | [2025-01-03, 2025-07-02) | | `reach_consummation_h365` | event | probability that the case reaches 'plan effective' first in the window | [2025-01-03, 2026-01-03) | | `reach_final_decree_h90` | event | probability that the case reaches 'final decree' first in the window | [2025-01-03, 2025-04-03) | | `reach_final_decree_h180` | event | probability that the case reaches 'final decree' first in the window | [2025-01-03, 2025-07-02) | | `reach_final_decree_h365` | event | probability that the case reaches 'final decree' first in the window | [2025-01-03, 2026-01-03) | ## 7. Decision A claim on the estate trades at 5¢. Its recovery depends on the path at `path_h365`: confirmed 30¢, converted 2¢, dismissed 10¢, pending 15¢. Answer `bid` if your expected recovery exceeds the price, otherwise `pass`. ## 8. Output Write exactly this JSON shape to `/logs/artifacts/forecast.json` (create the directory if needed): ```json { "item_id": "t6479e91430da", "forecasts": { "path_h90": { "confirmed": 0.1, "converted": 0.1, "dismissed": 0.1, "pending": 0.7 }, "path_h180": { "confirmed": 0.1, "converted": 0.1, "dismissed": 0.1, "pending": 0.7 }, "path_h365": { "confirmed": 0.1, "converted": 0.1, "dismissed": 0.1, "pending": 0.7 }, "reach_plan_h90": 0.2, "reach_plan_h180": 0.2, "reach_plan_h365": 0.2, "reach_ds_approval_h90": 0.2, "reach_ds_approval_h180": 0.2, "reach_ds_approval_h365": 0.2, "reach_ballot_h90": 0.2, "reach_ballot_h180": 0.2, "reach_ballot_h365": 0.2, "reach_confirmation_hearing_set_h90": 0.2, "reach_confirmation_hearing_set_h180": 0.2, "reach_confirmation_hearing_set_h365": 0.2, "reach_consummation_h90": 0.2, "reach_consummation_h180": 0.2, "reach_consummation_h365": 0.2, "reach_final_decree_h90": 0.2, "reach_final_decree_h180": 0.2, "reach_final_decree_h365": 0.2 }, "decision": { "action": "pass" }, "rationale": "Short reasoning grounded in the visible docket.", "citations": [ { "entry": "1", "quote": "verbatim text" } ] } ``` Every question id must appear. Path answers need all four classes; binary answers are one number in [0, 1]. [The run’s budget is not published.] ## 9. Citations [The settings of this rule are not published.] ## 10. Scoring [The settings of this rule are not published.]