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Debtor in possession |
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Debtor in possessionA firm that continues to operate under the Chapter 11 bankruptcy process.Debtor in possession Similar MatchesRepossessionRepossessionUsually occurs after a borrower seriously defaults on payments. The lender then legally evicts the borrower and usually auctions the property to recover losses. PossessionPossessionWhen a buyer signs the papers and receives the keys to the house, they officially take possession. Debtor in possession financingDebtor 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. Adverse possessionAdverse possessionThe acquisition of title to property through possession without the owner's consent for a certain period of time. Interest in possessionInterest in possessionThe legal right to receive income from, or occupy, trust property. Further SuggestionsUnity Of Possessionpersonal possessions Notorious Possession Possessions corporation |
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