distressed debt restructuring
A debt restructuring in which a creditor modifies the terms of debt financing to a distressed debtor and, in the process, grants a concession that it [...]
default subordination
The contractual subordination of debt such that the borrower is premitted to make payment to the junior lender as long as no event of default exists u [...]
debtor in possession
An entity in United States bankruptcy law who has filed a bankruptcy petition but remains in possession of property upon which a creditor has a lien o [...]
cramdown
A consensual distressed-debt restructuring mechanism that enables the support of one class of creditors for a plan of reorganization to be used to mak [...]
concession
A special modification to the contractual terms and conditions of a loan granted by the lender to a borrower facing financial difficulties in order to [...]
Chapter 11 bankruptcy
A form of bankruptcy under the US Bankruptcy Code that affords the debtor in possession a number of mechanisms to reorganization and restructure its b [...]
