Bankruptcy Plan of Reorganization

The video tutorial explains the Chapter 11 bankruptcy process, focusing on the debtor's responsibility to propose a reorganization plan within 120 days. The plan must include mandatory provisions and is submitted to the court for approval. Creditors vote on the plan, with specific rules for secured and unsecured creditors. The court evaluates the plan's feasibility, ensuring it meets the best interest of creditors and follows priority rules. The process includes a cram down strategy to enforce the plan despite creditor objections. The court retains authority to approve the plan based on various factors, including the business's earning power and market conditions.

What is the time frame within which a debtor in possession must propose a plan of reorganization after filing for bankruptcy?

What must be included in the bankruptcy plan according to the Bankruptcy Code?

What is the process for creditors to approve a bankruptcy plan?

What happens to secured creditors under the bankruptcy plan voting process?

What is required for a plan to be approved by the court?

What is the significance of the 'best interest test' in the context of a bankruptcy plan?

What factors does the court consider to determine the feasibility of a bankruptcy plan?