Introducing The Parties To A DIP Financing
The borrower under a DIP loan is typically a “debtor-in-possession” under Chapter 11 of the Bankruptcy Code, unless the bankruptcy court has appointed a trustee to oversee the administration of the debtor’s assets. 11 U.S.C. § 1101(1). However, even in the case of a trustee appointment, the named borrower under the loan documents technically will remain...
To view the full article, register now.