A Plan Is Considered to Be Fair and Equitable to a Class

question 85

Multiple Choice

A plan is considered to be fair and equitable to a class of impaired claimants with unsecured claims if the reorganization plan:

• A)provides for the sale of any property subject to liens securing such claims free and clear of such liens with the liens to attach to the proceeds of the sale.
• B)provides for the realization by the holders of the "indubitable equivalent" of such claims.
• C)provides that each holder of a claim will receive or retain on account of the claim property of a value equal to the allowed amount of such claim.
• D)provides the holder of any interest that is junior to the interests of such class will not receive any property on account of such junior claim.

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Definitions:

Criminal Justice System

The set of agencies and processes established by governments to control crime and impose penalties on those who violate laws.

Kant's Theory

A philosophical approach developed by Immanuel Kant, emphasizing duty, moral law, and the categorical imperative.

Offenders

Individuals who have committed a violation of the law or a specific offense.

Autonomous Moral Agents

Individuals or entities capable of making their own ethical decisions and bearing responsibility for those decisions.