DIP Debtor in Possession Fund request form:
DIP – Debtor in possession financing: A special form of financing provided for companies in financial distress, typically during restructuring under corporate bankruptcy law (such as Chapter 11 bankruptcy in the US. Usually, this debt is considered senior to all other debt, equity, and any other securities issued by a company. DIP financing may give a troubled company a new start and opportunity in its re organization plan to recovery and regain its business & market plan. In this case, "debtor in possession" financing refers to debt incurred while in bankruptcy, and "exit financing" is debt incurred upon emerging from reorganization under bankruptcy law. It may also be used to keep a business operating until it can be sold as a going concern, if this is likely to provide a greater return to creditors than the firm's closure and a liquidation of assets.
Please complete all of the requested information below.
*If an item does not apply, please insert N/A.*