In this paper we present a new algorithm for CPU resource reservation in real-time systems that allows the coexistence of hard, soft and non real-time tasks. The proposed algorithm is specifically designed to handle computational overload. A task that needs more CPU-time than reserved can re-use the spare bandwidth, without interfering with the others tasks. With respect to other reclamation schemes, the novelty of the proposed algorithm is that the spare bandwidth is fairly distributed among the needing servers. The effectiveness of the algorithm is demonstrated with an extensive set of experiments. We also propose a methodology to set scheduling parameters depending on the type of the task and on the time constraints needed.