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Deprecated function: Unparenthesized `a ? b : c ? d : e` is deprecated. Use either `(a ? b : c) ? d : e` or `a ? b : (c ? d : e)` in require_once() (line 341 of /homepages/32/d510680271/htdocs/bluelake/includes/module.inc).

Debtor-in-possession (DIP)

Debtor-in-possession (DIP) financing is obtained by a debtor that has filed for bankruptcy and under Section 364 of the Bankruptcy Code receives permission to arrange for debt financing, primarily to (1) pay for professionals to assist in the reorganization process, (2) operate the business by acquiring the necessary working capital, and (3) finance capital expenditures and/or necessary maintenance and repairs on existing assets.

Source: Altman, NYU

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