Chapter 11 Bankruptcy

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January 1, 1 7 min read Definitions

Debtor in Possession Chapter 11 Bankruptcy Bankruptcy Protection Business Operations Bankruptcy Code Financial Restructuring Insolvency Creditors

A 'Debtor in Possession' (DIP) is a status granted to a debtor who retains control of property and continues to operate its business while undergoing a bankruptcy proceeding, typically under Chapter 11 in the U.S. Bankruptcy Code.