Debtor In Possession (DIP)A company that continues to operate while under the Chapter 11 bankruptcy process.
Investopedia Says:Chapter 11 gives the debtor a fresh start, subject to the debtor's fulfillment of its obligations under its plan of reorganization.
Related Terms:BankruptcyChapter 11DebtorDebtor in Possession FinancingIncipient DefaultPriming LoanSenior Issue
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