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Posted On: 09/04/2021 7:14:29 PM
Post# of 151792
cram·down
/ˈkramˌdoun/
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nounUS
a restructuring of debt that creditors are required to accept as part of a bankruptcy.
"a judge would be empowered by federal law to execute a cramdown on them"
legal authority for courts to impose a restructuring of debt in a bankruptcy despite objections from creditors.
"cramdown is not available for a residential first mortgage"
/ˈkramˌdoun/
Learn to pronounce
nounUS
a restructuring of debt that creditors are required to accept as part of a bankruptcy.
"a judge would be empowered by federal law to execute a cramdown on them"
legal authority for courts to impose a restructuring of debt in a bankruptcy despite objections from creditors.
"cramdown is not available for a residential first mortgage"
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