Debtor in possession financing


 

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Debtor in possession financing

New debt obtained by a firm during the Chapter 11 bankruptcy process, Federal Bankruptcy Rule 4001 (c)(1). This financing is unique because it is secured, that is, it has priority over existing debt, equity and other claims.



Debtor in possession financing

Similar Matches

Repossession

Repossession

Usually occurs after a borrower seriously defaults on payments. The lender then legally evicts the borrower and usually auctions the property to recover losses. 


Debtor in possession

Debtor in possession

A firm that continues to operate under the Chapter 11 bankruptcy process.


Adverse possession

Adverse possession

The acquisition of title to property through possession without the owner's consent for a certain period of time.


Possessions corporation

Possessions corporation

A type of corporation permitted under the US tax code whose branch operation in a US possession can obtain tax benefits as though it were operating as a foreign subsidiary.


Unity Of Possession

Unity Of Possession

In joint tenancy, the joint tenants must have equal rights to posesion.


Further Suggestions

Notorious Possession
interest in possession
personal possessions
Possession


 
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