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

   Also found in: Legal, Wikipedia 0.09 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.
 
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