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About: Debtor in possession     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : dbo:Person, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: person New Facet based on Instances of this Class

A debtor in possession or DIP in United States bankruptcy law is a person or corporation who has filed a bankruptcy petition, but remains in possession of property upon which a creditor has a lien or similar security interest. A debtor becomes the debtor in possession after filing the bankruptcy petition. A corporation which continues to operate its business under Chapter 11 bankruptcy proceedings is a debtor in possession.