Debtor in possession

Debtor In Possession
Debtor In Possession definition :
A firm that continues to operate under the Chapter 11 bankruptcy process.
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Debtor in possession
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debtor in possession
debtor in a Chapter 11 bankruptcy reorganization, who keeps control of the business and performs the duties of a trustee.
Dictionary of Banking Terms ...

DEBTOR IN POSSESSION - In some bankruptcy proceedings, the debtor, rather than a trustee, may continue ...
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Debtor in possession
A firm that is continuing to operate under Chapter 11 bankruptcy process.
Federal Financing Bank ...

debtor in possession A company that continues its operations while filing for and going through Chapter 11 bankruptcy proceedings.

See also: Chapter 11, Bills, Expense, Financial leverage, Debt limit