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 feasible,fair,and in the best interests of the creditors;the judge approved it in spite of these creditors' objections.This action by the judge is called a "cramdown."

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This statement is true, as a "cramdown" occurs when a bankruptcy judge approves a reorganization plan despite objections from certain classes of creditors. This can happen when the judge determines that the plan is feasible, fair, and in the best interests of the creditors as a whole.