easy · Corporate Credit Analysis
What is 'Cramdown' power in a US bankruptcy court?
- The creditors' right to seize the CEO's personal residence if the plan fails.
- The CEO's right to unilaterally reduce all salaries by 25% without court approval.
- The requirement that all legal documents in the case must be printed on 100% recycled paper.
- The court's ability to confirm a plan even if one or more impaired classes of creditors vote against it, provided statutory requirements are met.
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