Chapter 22 Is Not Necessarily a Bad Thing

By: Patrick Walsh Originally written for and published by ABL Advisor, September 2019 The feasibility requirement in the U.S. Bankruptcy Code requires a finding from the Bankruptcy Court that “confirmation of a plan is not likely to be followed by the liquidation, or the need for further financial reorganization, of the debtor or any successor to the debtor under the plan, unless such liquidation or reorganization is proposed in the plan.”…