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debtor in possession
(redirected from Debtor-in-posession)

    Also found in: Legal, Wikipedia 0.04 sec.
Debtor in possession
A firm that continues to operate under the Chapter 11 bankruptcy process.
debtor in possession
A company that continues to operate while in Chapter 11 bankruptcy.


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Healthco), as debtor-in-posession and later by the Chapter 7 Trustee for Healthco, subject to the pledge, since the 1993 bankruptcy filing by Healthco, the dental equipment supplier that had previously owned the shares.
HPSC, INC. REPORTS PROFITABLE THIRD QUARTER ANNOUNCES STOCK REPURCHASE by Business Wire
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