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Avaya's Reorganization Plan Filing: 10 Key Takeaways For Partners

Avaya attempting to sell its Contact Center business for $3.9 billion was just one thing CRN learned from reading the company's recent filing with the U.S. Bankruptcy Court.

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'Best Path Forward'

Avaya released a slew of new information regarding its reorganization plan and strategy to combat its $6 billion debt, including a failed attempt to sell off its contact center business, according to a recent filing with the U.S. Bankruptcy Court for the Southern District of New York.

In January, Avaya filed for Chapter 11 bankruptcy in a move CEO Kevin Kennedy said was the "best path forward." The Santa Clara, Calif.-based unified communications specialist recently revealed it filed a reorganization plan that outlines a path to strengthen its balance sheet.

Here are 10 things channel partners need to know about Avaya's reorganization plan, cost-cutting initiatives and expectations for the future.

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