Should the court confirm the plan? If not, how must the plan be modified or what other conditions must be satisfied?
ASSIGNMENT 1.Ross Corporation is a debtor in a reorganization proceeding under Chapter 11 of the Bankruptcy Code. By fair and proper valuation, its assets are worth $100,000. The indebtedness of the corporation is $105,000, and it has outstanding $100 par value preferred stock in the amount of $20,000 and $30 par value common stock in […]