HomeDefinitionsCompareDebt Debtor in possessionThe financial definition for Debtor in possession:A firm that continues to operate under the Chapter 11 bankruptcy process. Similar MatchesDebtor in possession financingDebtor in possession financingNew 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. 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 Click to view definitions beginning de |