reorganization in bankruptcy
81exclusivity — a debtor in Chapter 11 has the exclusive right to file a plan of reorganization for the first 120 days of its bankruptcy. Thereafter, unless the period of exclusivity is extended by the court, other parties may file reorganization plans. (Common… …
82impairment — when a plan of reorganization alters the contractual rights of a class of holders of claims, that class is deemed to be impaired. A class that is unimpaired is deemed to automatically accept a plan of reorganization (Glossary of Common Bankruptcy …
83examiner — a professional appointed by the bankruptcy court to investigate and oversee certain aspects of the debtor or the proceedings. (By way of comparison, the role of the trustee is to operate the business of the debtor whereas the role of the examiner …
84allowed claim — a claim of a creditor (or an equity interest) that is approved by the court for satisfaction under the plan of reorganization (Glossary of Common Bankruptcy Terms) (or allowed interest) (Common Bankruptcy Terms) A claim of a creditor (or an… …
85allowed interest — a claim of a creditor (or an equity interest) that is approved by the court for satisfaction under the plan of reorganization (Glossary of Common Bankruptcy Terms) (or allowed claim) (Common Bankruptcy Terms) A claim of a creditor (or an equity… …
86cramdown — confirmation of a plan of reorganization over the objections of one or more classes of creditors (Glossary of Common Bankruptcy Terms) The action by which the court may order a plan approved over the negative vote of a class of dissenting… …
87small claims — under a plan of reorganization or liquidation, claims that are small (e.g. in the hundreds or thousands of dollars range) and numerous are often grouped into a single class and settled for cash for administrative convenience (Glossary of Common… …
88convenience claims — (see small claims) (Glossary of Common Bankruptcy Terms) under a plan of reorganization or liquidation, claims that are small (e.g. in the hundreds or thousands of dollars range) and numerous are often grouped into a single class and settled for… …
89Section 77 of 1933 Act — provided for reorganization of railroads. (During the 1930 s a large number of railroads experienced extreme financial difficulty.) also Section 77B (Glossary of Common Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …
90Section 77B — followed Section 77 and provided for reorganization of companies other than railroads (Glossary of Common Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …
