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Debtor in Possession - DIP
What does it mean?
A company that continues to operate while under the Chapter 11 bankruptcy process.
In Other Words...
Chapter 11 gives the debtor a fresh start, subject to the debtor's fulfillment of its obligations under its plan of reorganization.
Related Links
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Related Terms
Bankruptcy | Chapter 11 | Debtor | Debtor in Possession Financing
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