debtor-in-possession

debtor-in-possession
In some bankruptcy proceedings, the debtor, rather than a trustee, may continue to operate the business. The debtor in possession is the same person or company that controlled the business prior to the bankruptcy, however, the debtor in possession is a different legal entity. American Banker Glossary

Financial and business terms. 2012.

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  • debtor in possession — (debtor in possession (DIP)) A debtor in possession occurs only in a Chapter 11 case. The debtor is presumed to remain in possession of its assets and business operation, with most of the powers and duties of a trustee. also see trustee,… …   Glossary of Bankruptcy

  • debtor-in-possession — (debtor in possession (DIP)) A debtor in possession occurs only in a Chapter 11 case. The debtor is presumed to remain in possession of its assets and business operation, with most of the powers and duties of a trustee. also see trustee,… …   Glossary of Bankruptcy

  • debtor in possession — debtor in possession: a debtor who remains in possession of an estate during chapter 11 or 12 bankruptcy and has the same duties as a trustee in bankruptcy Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. debtor in possession …   Law dictionary

  • debtor-in-possession — (DIP) USA The debtor in a Chapter 11 case who remains in possession and control of its assets and business operations, unless replaced by a Chapter 11 trustee. Practical Law Dictionary. Glossary of UK, US and international legal terms.… …   Law dictionary

  • Debtor in possession — Bankruptcy in the United States Bankruptcy in the United States Authority · History U.S. Trustee Court  …   Wikipedia

  • debtor in possession — In some bankruptcy proceedings, the debtor, rather than a trustee, may continue to operate the business. The debtor in possession is the same person or company that controlled the business prior to the bankruptcy, however, the debtor in… …   Financial and business terms

  • Debtor-in-possession financing — or DIP financing is a special form of financing provided for companies in financial distress or under Chapter 11 bankruptcy process. Usually, this security is more senior than debt, equity, and any other securities issued by a company. It gives a …   Wikipedia

  • debtor in possession finance — Principally a US term to describe new finance provided to a company in the protection of the courts under Chapter 11 of the US Federal Bankruptcy Code, on the basis that repayment of new money advanced to the debtor in possession takes priority… …   Law dictionary

  • Debtor In Possession - DIP — An individual or corporation that has filed for Chapter 11 bankruptcy protection and remains in control of property that a creditor has a lien against, or retains the power to operate a business. A debtor who files a Chapter 11 bankruptcy case… …   Investment dictionary

  • Debtor-in-possession financing — New debt obtained by a firm during the Chapter 11 bankruptcy process. The New York Times Financial Glossary * * * debtor in possession financing debtor in possession financing ➔ financing * * * debtor in possession financing UK US noun [U]… …   Financial and business terms

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