HomeDefinitionsCompareDebt Debtor in possession financingThe financial definition for Debtor in possession financing:New debt obtained by a firm during the Chapter 11 bankruptcy process, Federal Bankruptcy Rule 4001 (c)(1). This financing is unique because it is secured, that is, it has priority over existing debt, equity and other claims. Similar MatchesDebtor in possessionDebtor in possessionA firm that continues to operate under the Chapter 11 bankruptcy process. Possessions corporationPossessions corporationA type of corporation permitted under the US tax code whose branch operation in a US possession can obtain tax benefits as though it were operating as a foreign subsidiary. Click to compare definitions of Debtor in possession financing Click to view definitions beginning de |