A reorganization plan must meet all of the following criteria EXCEPT
A. it must be fair and equitable.
B. it must be feasible.
C. it maintains the priorities of the contractual claims of all parties.
D. the market value of the firm’s assets must exceed the stated liabilities.
Answer:D
A reorganization plan must meet all of the following criteria EXCEPT
A. it must be fair and equitable. B. it must be feasible. C. it maintains the priorities of the contractual claims of all parties. D. the market value of the firm’s assets must exceed the stated liabilities.