cramdown

cramdown, n. Court confirmation of a Chapter 11 bankruptcy plan despite the opposition of certain creditors. • Under the Bankruptcy Code, a court may confirm a plan — even if it has not been accepted by all classes of creditors — if the plan (1) has been accepted by at least one impaired class, (2) does not discriminate unfairly, and (3) is fair and equitable. 11 USCA § 1129(b). [Cases: Bankruptcy 3563. C.J.S. Bankruptcy § 396.] — cram down, vb.

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词条贡献者

译者Joanne，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与房地产业相关的法律文件。