feasibility standard

feasibility standard. Bankruptcy. The requirement that, to obtain bankruptcy-court approval, a Chapter 11 reorganization plan must be workable and have a reasonable likelihood of success. [Cases: Bankruptcy 3559. C.J.S. Bankruptcy § 393.]

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词条贡献者

法律翻译Iris，毕业于一所旨在培养高级翻译专业人才的翻译院校，专注翻译各类与资本市场有关的法律文件。