test folder

iv F. Chapter 11 Plan ...................................................................... 157 1. Exclusivity ........................................................................... 157 2. Classification of Claims and Interests ................................. 158 3. Treatment of Claims and Interests ....................................... 159 4. Mandatory Plan Provisions ................................................. 159 5. Permissive Plan Provisions ................................................. 161 6. Chapter 11 Liquidating Plans .............................................. 163 7. Modification of a Plan ......................................................... 163 G. Plan Confirmation .................................................................. 164 1. Consensual Confirmation .................................................... 165 2. Non-Consensual Confirmation ............................................ 169 a. Cramdown ................................................................... 169 i. Gifting ............................................................. 173 ii. New Value Exception ..................................... 174 b. Cramup ........................................................................ 175 c. Entity Valuation .......................................................... 175 H. Post-Confirmation Matters ..................................................... 176 1. Effect of Confirmation ........................................................ 176 2. Implementation of a Plan .................................................... 178 3. Third Party Releases and Injunctions .................................. 178 4. Exemption from Securities Laws ........................................ 181 5. Special Tax Provisions ........................................................ 182 a. Transfer Tax Exemption ............................................. 182 b. Net Operating Losses (NOLs) ..................................... 182 I. Conclusion of the Case ........................................................... 185 1. Closing ................................................................................ 185 2. Dismissal and Conversion to Chapter 7 .............................. 186 3. Bad Faith Filings ................................................................. 187 J. Subchapter V in Chapter 11 Bankruptcy ................................ 188 VII. Liquidation (Chapter 7) ............................................................... 190 A. Generally ................................................................................ 190 B. The Chapter 7 Trustee ............................................................ 190 1. Appointment and Election of Trustee.................................. 190 2. Duties and Responsibilities of Trustee ................................ 192 C. Collection, Liquidation and Distribution of the Estate ........... 193 D. Discharge of the Debtor and Denial of Discharge .................. 195 E. Non-Dischargeable Debts ....................................................... 198 F. Stockbroker, Commodity Broker and Clearing Bank Liquidations ............................................................................ 201 1. Stockbrokers ........................................................................ 201 2. Commodity Brokers ............................................................ 204

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