Definition and Citations:
A process where creditors with existing CREDIT RISK to a company that has filed a REORGANIZATION plan under BANKRUPTCY protection choose not to participate in the new plan and have their interests demoted or
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A process where creditors with existing CREDIT RISK to a company that has filed a REORGANIZATION plan under BANKRUPTCY protection choose not to participate in the new plan and have their interests demoted or