June 2017
The "Devil's Dictionary" is a quick-reference guide for commercial lenders and other restructuring professionals. In this series, we highlight many of the buzz words found in the Dictionary and used in today's bankruptcy arena.

FEASIBILITY TEST:  The ability of the debtor to meet its plan obligations post-confirmation. As a condition to confirmation, a plan proponent must show that the plan is “feasible”—that it is not likely to be followed by the need for liquidation or further financial reorganization of the debtor (other than a liquidation proposed in the plan itself).

Bankruptcy Code § 1129(a)(11). See also Confirmation Requirements.

The "Devil's Dictionary" is an excellent reference tool that reflects the collective wisdom of its four authors, Brett Anders, Jim Bird, David Ferguson, Dan Flanigan, and digital editor, Christopher Ward, who have a combined total of more than 130 years working in the forefront of real estate and other commercial finance, loan enforcement, financial restructuring and bankruptcy law.