Cram-down

Binding a dissenting creditor to a restructuring plan the required majorities approved. Cross-class cram-down extends it to a whole dissenting class, and it is the reason a court process exists at all.

Where Cram-down is explained in depth

The definition above is the short version. These pages put it to work, in the order they use it most:

• Restructuring
• Restructuring In Court vs. Out of Court
• Restructuring plan

The whole glossary