________ refers to a situation whereby the court forces dissenting creditors to accept a reorganization plan when the court finds that it is fair and equitable.

Question

________ refers to a situation whereby the court forces dissenting creditors to accept a reorganization plan when the court finds that it is fair and equitable.

Quizplus · Accepted Answer

Plans can be confirmed either through the voluntary agreement of creditors or alternatively through what is known as a cram down whereby the court forces dissenting creditors whose claims would be impaired by a proposed plan to accept the plan when the court can find that it is fair and equitable to the class of creditors whose claims are impaired.

________ Refers to a Situation Whereby the Court Forces Dissenting Creditors