Shoe Sunshine,Inc.filed for bankruptcy protection under Chapter 11 and submitted a plan of reorganization within 120 days after filing for relief.Two of the classes of creditors voted against the plan.However,the bankruptcy judge considered the plan to be reasonable,achievable,and fair,and approved it in spite of these creditors' objections.This action by the judge is called a "cramdown."

Question

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This is a correct definition of a cramdown, where a bankruptcy judge approves a plan of reorganization even if some creditors vote against it, as long as the plan is deemed reasonable, achievable, and fair.