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Debtor-in-Possession Financing
(redirected from DIP Financing)

    Also found in: Wikipedia 0.01 sec.
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
Financing made available to a debtor in possession, which is a company that maintains its operations during a Chapter 11 bankruptcy. A debtor in possession is generally attempting to fulfill its reorganization plan, discharging certain debts and changing any structural weaknesses to put it on a path to profitability. A company often requires financing in order to restructure, and DIP financing enables it to do so.
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However, obtaining DIP financing has always been a challenge.
A Non Bank Source of DIP Financing by Marco Terry / Business community
As matter of fact, obtaining DIP financing usually increases your chances of emerging from the bankruptcy process as a viable company.
An Effective Source of Debtor in Possession Financing by Marco Terry / Banking, finance and accounting community
I believe (the government) should force (new management) to implement DIP financing,'' Takenaka said at a one-day special session of the House of Representatives Financial Affairs Committee.
Takenaka wants new Ashikaga management to rebuild ailing firms by Japan Weekly Monitor
 
 
 
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