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debtor in possession

   Also found in: Financial, Acronyms, Wikipedia 0.04 sec.

debtor in possession n. in bankruptcy proceedings when a debtor has filed for the right to submit a plan for reorganization or refinancing under Chapter 11, and the debtor is allowed to continue to manage his/her/its business without an appointed trustee, that debtor is called a "debtor in possession." (See: bankruptcy)
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? References in periodicals archive
Valentine is operating as a debtor in possession since it filed for bankruptcy on June 6, 2005.
Meriturn to acquire Valentine by Solutions - for People, Processes and Paper
Titan Capital has just financed a Debtor in Possession bankruptcy loan to a religious institution in Borough Park.
Titan's prime numbers by Real Estate Weekly
In addition, the debtor in possession may be required to obtain the consent of the bankruptcy court to enter into new leases.
New hazards in commercial leasing by Wikler, Irwin I. / Real Estate Weekly
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