The current management of Chesapeake Energy (CHK) obviously took over one of the larger corporate messes in the history of industry lost causes. One can quibble with the operation's progress or lack thereof. But the financial moves appear to be among the best possible to give this company the greatest chance of survival. Many other troubled companies can learn from the success this company has had restructuring its debt because debt restructuring outside of reorganization if often not very successful.
Source: Chesapeake Energy Third Quarter 2019 Conference Call Slides
The first major accomplishment