Debt repayment plan paying creditors less than the full amount owed. The confirmation is approved by the bankruptcy court as long as at least one class of adversely affected creditors agrees, and the debtor's repayment plan does not discriminate.
| Banking Dictionary: Cramdown (1) |
Debt repayment plan paying creditors less than the full amount owed. The confirmation is approved by the bankruptcy court as long as at least one class of adversely affected creditors agrees, and the debtor's repayment plan does not discriminate.
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