(TCO G) Which of the following statements is most correct?
(a) The primary test of feasibility in a reorganization is whether every claimant agrees with the reorganization plan.
(b) The basic doctrine of fairness states that all debt holders must be treated equally.
(c) To a large extent, the decision to dissolve a firm through liquidation versus keeping it alive through reorganization depends on a determination of the value of the firm if it is rehabilitated versus the value of its assets if they are sold off individually.
(d) Although a firm is in bankruptcy, the existing management is always allowed to retain control, though the court will monitor its actions closely.
(e) To a large extent, the decision to dissolve a firm through liquidation versus keeping it alive through reorganization depends on a determination of the size of the firm if it is rehabilitated versus the value of its equity if they are sold off individually.