CRAMDOWN

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) […]

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cramdown

cramdown n. 〈美〉强制破产 破产案件中的一种口语表达,意指虽然某些债权人反对,法院仍批准依《破产法典》〔Bankruptcy Code〕第11章制定的破产方案。《破产法典》规定,即使一项破产方案未被所有各类债权人接受,法院仍可给予批准,只要该破产方案:1已为至少一类权益受到损害的债权人接受;2不存在不公平的差别对待;3是公正和公平的。

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