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Debtor-in-Possession Financing - DIP Financing
What does it mean?
Financing arranged by a company while under the Chapter 11 bankruptcy process. DIP financing is unique from other financing methods in that it usually has priority over existing debt, equity and other claims.
In Other Words...
Chapter 11 gives the debtor a fresh start, which is, however, 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 | Debt | Debtor | Debtor in Possession
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