As Demonstrated in the Case in the Text,In Re Made

question 52

Multiple Choice

As demonstrated in the case in the text,In re Made in Detroit,a reorganization plan must be feasible.A plan is feasible when:

• A)the debtor's goals are realistic in relation to its abilities.
• B)confirmation of the plan is not likely to be followed by the liquidation or the need for further financial reorganization of the debtor.
• C)the debtor plans to pay off old liabilities quicker than it attains new liabilities.
• D)the debtor's creditors will not be adversely affected by the plan.

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Definitions:

Prospective Buyers

Potential customers who have shown interest in purchasing a product or service.

Functional

Describes something that is designed to be practical and useful rather than just attractive.

Challenges Faced

Difficult situations or obstacles that individuals or groups encounter which require effort and determination to overcome.

Geographic

Relating to the physical features, location, or characteristics of the earth or its environment.