|
|
Debtor in possession financing |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Debtor in possession financingNew 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 MatchesPossessions corporationPossessions corporationA 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. Debtor in possessionDebtor in possessionA firm that continues to operate under the Chapter 11 bankruptcy process. RepossessionRepossessionUsually occurs after a borrower seriously defaults on payments. The lender then legally evicts the borrower and usually auctions the property to recover losses. Unity Of PossessionUnity Of PossessionIn joint tenancy, the joint tenants must have equal rights to posesion. Notorious PossessionNotorious PossessionA requirement for adverse possession. Possession so open (notorious) that the owner is presumed to have notice of it and its extent. Further Suggestionspersonal possessionsPossession interest in possession Adverse possession |
|
|
|