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.
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.
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cramdown — In Chapter 13 bankruptcy, a reduction in the amount of a secured debt the debtor must repay to the replacement value of the collateral securing the debt. For example, if a debtor owes $5,000 on a car that s worth only $3,500, a cramdown would… … Law dictionary
Cramdown — A bankruptcy concept that is often employed to obtain a Chapter 11 bankruptcy reorganization plan while there are still objections from one or more creditors. Cramdown allows the bankruptcy courts to modify loan terms subject to certain… … Investment dictionary
Cramdown — The ability of the bankruptcy court to confirm a plan of reorganization over the objections of some classes of creditors. The New York Times Financial Glossary * * * cramdown cram‧down [ˈkræmdaʊn] noun [countable] FINANCE LAW when a company that… … Financial and business terms
cramdown — The ability of the bankruptcy court to confirm a plan of reorganization over the objections of some classes of creditors. Bloomberg Financial Dictionary * * * cramdown cram‧down [ˈkræmdaʊn] noun [countable] FINANCE LAW … Financial and business terms
cramdown — noun A court settlement in bankruptcy in which creditors receive less than they were owed … Wiktionary
Chapter 11 — reorganization proceedings, generally for business entities. The debtor maintains control of the business in Chapter 11, unless the Court appoints a trustee (Glossary of Common Bankruptcy Terms) A reorganization proceeding in which the debtor may … Glossary of Bankruptcy
absolute priority rule — In a Chapter 11 Plan, the debtor in possession must completely satisfy the claims of a higher, dissenting class before the claims of classes lower in priority can participate in the reorganization. Thus, a corporate debtor s shareholders cannot… … Glossary of Bankruptcy
Chapter 11, Title 11, United States Code — Bankruptcy in the United States Bankruptcy in the United States Authority · History U.S. Trustee Court … Wikipedia
Bank of America Nat. Trust and Sav. Assn. v. 203 North LaSalle Street Partnership — Infobox SCOTUS case Litigants = Bank of America Nat. Trust and Sav. Ass’n v. 203 North LaSalle Street P’ship ArgueDate = November 2 ArgueYear = 1998 DecideDate = May 3 DecideYear = 1999 FullName = Bank of America National Trust and Savings… … Wikipedia
crammed down — USA cramdown, Also known as crammed down. The mechanism by which a court may confirm (confirmation) a Chapter 11 plan of reorganization over the objections of a dissenting class of creditors, if the plan: • Has been accepted by at least one … Law dictionary