cramdown

noun
cram·​down | \ ˈkram-ˌdau̇n \

Legal Definition of cramdown

1 : a bankruptcy court's approval of a Title 11 bankruptcy plan against the wishes of some creditors

Note: A plan may be approved despite the rejection of creditors if the plan is deemed to be fair and equitable and not unfairly discriminatory in accordance with Title 11, section 1129(b).

2 : a Chapter 13 bankruptcy court's modification of the terms of a loan against the wishes of a creditor

History and Etymology for cramdown

from the idiom cram something down someone's throat “to force someone to accept something”

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Cite this Entry

“Cramdown.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/cramdown. Accessed 7 Jul. 2020.

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