Connolly, James G.
May 2003
Financial Executive;May2003, Vol. 19 Issue 3, p31
Academic Journal
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.


Related Articles

  • RESTRUCTURING OF INSOLVENT CORPORATIONS IN CANADA. Kr├╝ger, J. G. A. // Potchefstroom Electronic Law Journal;2010, Vol. 13 Issue 3, p2 

    The article outlines the formal restructuring of insolvent corporations in Canada based on the purview of South African audience in South Africa. It explains that bankrupt person refers to a person who has made an assignment into bankruptcy or against whom a bankruptcy order has made. Meanwhile,...

  • Predicting Business Failures in Canada. Boritz, J. Efrim; Kennedy, Duane B.; Sun, Jerry Y. // Accounting Perspectives;2007, Vol. 6 Issue 2, p141 

    Empirical researchers and practitioners frequently use the bankruptcy prediction models developed by Altman (1968) and Ohlson (1980). This poses a potential problem for practitioners in Canada and researchers working with Canadian data because the Altman and Ohlson models were developed using...

  • Creditors Seek Plan For Bi-Lo. Springer, Jon // SN: Supermarket News;9/7/2009, Vol. 57 Issue 36, p1 

    The article reports on the hearing scheduled in September 2009 in U.S. Bankruptcy Court in Columbia, South Carolina for the extension of filing a reorganization plan of Bi-Lo, a private food retail industry which primarily owned by Lone Star Holdings. The company will be given until October 19,...

  • DEADLINE EXTENDED FOR STELCO OFFERS.  // Metal Center News;Feb2005, Vol. 45 Issue 2, p46 

    The article reports on the extension of deadline for Stelco Inc. Stelco was allowed by Canada's bankruptcy court to extend the deadline for the filing of binding offers from January 31, 2005 to February 14, 2005. The company said it had received a high level of interest from prospective bidders,...

  • Foamex plans to exit 11.  // Furniture/Today;11/6/2006, Vol. 31 Issue 9, p42 

    The article reports that polyurethane and visco-elastic foam supplier Foamex International Inc. has filed an amended reorganization plan and disclosure statement in a federal bankruptcy court in Delaware in November 2006. The company, which said earlier that it had received commitments for new...

  • Does Your Company Need a Workout? IVERSON, GLAYDON // Strategic Finance;Sep2004, Vol. 86 Issue 3, p51 

    The article focuses on implementation of informal plans of reorganization or a "workout." The article notes that this strategy is an alternative for companies facing potential Chapter 11 filing or asset liquidation. Credibility and leverage are two necessary qualifications for workouts, and the...

  • WPS Gets Bankruptcy Emergence Extension.  // Home Textiles Today;12/13/2004, Vol. 26 Issue 15, p2 

    The article reports that WestPoint Stevens Inc. has received from a U.S. Bankruptcy Court a further extension of its exclusive right to come up with a plan of reorganization that will allow it to emerge under Chapter 11. The company is nearing the final stage of negotiations with creditors...

  • Pliant Moves On With Chapter 11 Restructuring.  // Nonwovens Industry;Feb2006, Vol. 37 Issue 2, p16 

    The article reports on the approval granted by Judge Mary Walrath of the U.S. Bankruptcy Court for the District of Delaware of all Pliant Corp.'s first day motions submitted as part of its filings for reorganization as provided under Chapter 11 of the U.S. Bankruptcy Code. The approval of the...

  • Collins & Aikman is given more time to reorganize. Barkholz, David // Automotive News;5/22/2006, Vol. 80 Issue 6203, p20 

    The article reports that Collins & Aikman Corp. has received an extension until July 29 to file its Chapter 11 reorganization plan. The U.S. Bankruptcy Court in Detroit also has given the interiors supplier until September 27 to obtain creditor approval for the reorganization. The company...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics