Reorganization Plan

Pre-packaged Bankruptcy: Streamlined Financial Restructuring
An advanced form of bankruptcy where the debtor negotiates and secures agreement on a reorganization plan with its creditors prior to filing for Chapter 11.
Cram Down: Understanding Reduction of Debt in Bankruptcy
Cram down refers to the reduction of various classes of debt to a lower amount during bankruptcy proceedings under Section 1129(b) of the Bankruptcy Code.

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