- cramdown
-
confirmation of a plan of reorganization over the objections of one or more classes of creditors (Glossary of Common Bankruptcy Terms)The action by which the court may order a plan approved over the negative vote of a class of dissenting creditors.also see plan (Bernstein's Dictionary of Bankruptcy Terminology)
United Glossary of Bankruptcy Terms 2012.
- cramdown
-
The action by which the court may order a plan approved over the negative vote of a class of dissenting creditors.
also see Plan
US Bankruptcy 2012.
Glossary of Bankruptcy.