7 liquidation. This provision is known as the “best-interest-of-creditors-test” because it ensures that reorganization is in the best interest of individual claimholders who have not voted in favor of the plan. See Bank of Am. Nat. Trust & Sav. Assoc. v. 203 N. LaSalle Street P’ship, 526 U.S. 434, 441 n. 13, 119 S.Ct. 1411, 143 L.Ed.2d 607 (1999). It is important to note that the Amended Plan is a liquidating plan because it provides for the liquidation of all assets of the Debtor’s bankruptcy estate. [Finding of Fact No. 37.] For this reason, except for treatment that defies the priority hierarchy, claim-holders in a liquidating plan typically receive what they would if the Debtor were to liquidate under Chapter 7. See, e.g., In re Hendrick, 45 B.R. 976, 987 (Bankr. M.D.La.1985) (<HOLDING>). Further, liquidating plans may be more cost
holding that complaints against a chapter 7 discharge coupled with objections to a chapter 13 plan of reorganization are sufficient to establish an informal proof of claim holding that a creditors failure to vote or to object to a chapter 11 plan constitutes acceptance of the plan holding that the conversion of a chapter 7 petition to a chapter 13 petition was not final until the plan itself was approved holding that a liquidating plan that followed chapter 7 satisfied  1129a7 holding that appellant satisfied exception