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Debtor in possession financing |
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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 MatchesPossessionPossessionWhen a buyer signs the papers and receives the keys to the house, they officially take possession. Interest in possessionInterest in possessionThe legal right to receive income from, or occupy, trust property. RepossessionRepossessionUsually 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 possessionDebtor in possessionA firm that continues to operate under the Chapter 11 bankruptcy process. 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 SuggestionsUnity Of PossessionPossessions corporation personal possessions Adverse possession |
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