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Debtor-in-possession financing |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| The company already received from its lenders a commitment of up to $15 million in debtor-in-possession financing, which, when combined with revenue from operations, is expected to support the company through the Chapter 11 process. People doing debtor-in-possession financing expect to be paid back. has agreed with its lenders to amend (the "Amendment") the company's debtor-in-possession financing (the "DIP Financing") to extend the maturity until Sept. |
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