When one or more creditors refuse to agree to the reorganization terms of a venture in the hopes of making a larger individual recovery, it is said that a holdout problem has arisen.

Name: When one or more creditors refuse to agree to the reorganization terms of a venture in the hopes of making a larger individual recovery, it is said that a holdout problem has arisen.
Brand: Quizplus
Rating: 4.9 (51 reviews)

Question

Quizplus · Accepted Answer

This statement accurately describes the concept of a holdout problem in the context of a venture reorganization.

When One or More Creditors Refuse to Agree to the Reorganization