TITLE

DIP FINANCING NEW LIFE FOR AILING COMPANIES

AUTHOR(S)
Connolly, James G.
PUB. DATE
May 2003
SOURCE
Financial Executive;May2003, Vol. 19 Issue 3, p31
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The increasing use of debtor-in-possession (DIP) financing by bankrupt companies in the U.S. has been extensively discussed. Background information on the average number of organizations that have filed for bankruptcy protection in the U.S. as of September 2003 has been given. Through historical analysis, researchers have discovered that DIP financing had been provided almost exclusively by asset-based lenders. The cornerstone for any strong plan for reorganization is effective DIP financing. Chapter 11 is time-consuming and expensive. INSETS: Annual Debtor-In-Possession Issuance;DIP Success: The Custom Foods Story.
ACCESSION #
9654839

 

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