n.— «The Winn-Dixie bankruptcy case is barreling toward the stage that bankruptcy lawyers affectionately call the cram-down. That’s when creditors, bankers, bondholders, vendors, landlords and stockholders wrestle over how much of the company’s assets are left to split up and who’s going to eat how much of the shortfall.» —“Grocer’s investors fight for crumbs” by Mark Albright St. Petersburg Times (Florida) Jan. 30, 2006. (source: Double-Tongued Dictionary)

Tagged with →