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Chapter 11 Debtor in Possession

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Chapter 11 Debtor in Possession

01-04-2009, 06:14 PM	#1
Repair Bad Credit Elite Member Join Date: Aug 2006 Posts: 2,121	In a Chapter 11 bankruptcy case, the debtor, the person or company that files the case, is a debtor in possession. The debtor in possession, or D.I.P, has the power to keep running the business.* It also imposes duties and powers on the debtor. The United States Trustee’s office has guidelines for the duties of a debtor [...] More...

« Bankruptcy: An Acceptable Resolution For Financial Strife | Utah State Law Library Cites BLN »

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