A Plan Is Considered to Be Fair and Equitable to a Class

A plan is considered to be fair and equitable to a class of impaired claimants with unsecured claims if the reorganization plan:

A) provides for the sale of any property subject to liens securing such claims free and clear of such liens with the liens to attach to the proceeds of the sale.
B) provides for the realization by the holders of the "indubitable equivalent" of such claims.
C) provides that each holder of a claim will receive or retain on account of the claim property of a value equal to the allowed amount of such claim.
D) provides the holder of any interest that is junior to the interests of such class will not receive any property on account of such junior claim.

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