cramdown

Definition

A bankruptcy court's enforcement of a reorganization plan despite the objections of some creditors.

Use cramdown in a sentence

You may find yourself in a bad position and realize that a cramdown may be your only way out of it.

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After my company went bankrupt, the court enforced a cramdown plan and required several lenders to accept a settlement that was less than they wanted.

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The court was enforcing a cramdown to the board of directors to sell off half the business and let go three-quarters of the employees, even though there was great opposition.

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