Cramdown or Cram Down

One of two methods by which a debtor can confirm its Chapter 11 plan. Creditors may consent to the debtor's plan, or the debtor may "cram down" a plan over the objections of creditors where at least one class of impaired claims or interests have voted in the requisite number and amount to accept the plan, and certain other requirements are met with respect to all non-consenting impaired classes or claims or interests.

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