• Bankruptcy Law

Definitions of cramdown

  • (US) a court determination to accept a Chapter 11 bankruptcy (=company reorganization) plan despite opposition from creditors

    Because the lien creditors (=person with a legal claim against another person's property) objected to the proposed treatment, the debtors sought to confirm the plan by a cramdown.

This is a limited preview — please sign in or subscribe to learn everything we know about the term “cramdown”.