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ii. If a class of secured claims rejects the Plan. the Plan may be confirmed <br />so long as the Plan provides that: (I) the holder of the claim retains its liens and receive <br />s cash payments having a value equal to the secured claim ; (2) the realization by <br />the secured creditors of the "indubitable equivalent" of their secured claims; or (3) if <br />the collateral is being sold free and clear of the secured claim, the lien of the secured <br />creditor attaches to the proceeds of the sale, and the secured creditor is treated in a manner <br />consistent with clauses (1) and (2). The Debtor may seek to confirm the Plan pursuant to <br />§ 1129(b) as to any class of claims that does not accept the Plan. <br />iii.. If a class of unsecured claims rejects the Plan, the Plan may be confirmed so <br />long as it provides that: (1) each holder of a claim included in the rejecting class receives <br />or retains on account of that claim property that has a value as of the Effective Date equal to <br />the allowed amount of such claim; or (2) that the holder of any claim or interest that is junior <br />to the claims of such class will not receive or retain under the Plan on account of such junior <br />claim or interest any property. <br />iv. If a class of interests rejects the Plan, the Plan may still be confirmed so long <br />as the Plan provides that: (1) each holder of an interest included in the rejecting interest <br />class receives or retains on account of that interest, property that has a value as of the <br />effective date equal to the greatest of the allowed amount of any fixed liquidation <br />preference or fixed redemption price to which such holder is entitled or the value of such <br />interest; or (2) the holder of any interest that is junior to the interests of such class will not <br />receive or retain under the Plan on account of such junior interest any property. The Debtor <br />believes that the Plan could be confirmed if it were rejected by any class of interests. <br />VI. ALTERNATIVES TO THE PLAN. <br />If the Plan is not confirmed, the alternatives include: (A) dismissal of the pending <br />Chapter 11 case; (B) liquidation of the Debtor under Chapter 7 of the Code; or (C) <br />confirmation of an alternative Chapter 11 Plan. <br />A. Dismissal of Chapter I I. <br />If no Chapter 11 Plan can be confirmed, the Debtor's bankruptcy case may be <br />dismissed. In such a case. the assets of the Estate would revest in the Debtor and creditors <br />would be entitled to pursue their claims against the Debtor. The Chapter 11 Trustee <br />believes that if that occurs, unsecured creditors would receive less than is proposed under <br />the Plan for the reasons indicated in the liquidation analysis attached to this Disclosure <br />Statement as Exhibit A. <br />B. Liquidation under ChapterT <br />Alternatively, if no Chapter 11 Plan can be confirmed, the Chapter 11 case could be <br />converted to Chapter 7. A Chapter 7 trustee would be elected or appointed to liquidate the <br />19 <br />