Because debtor-in-possession (DIP)financing is senior to all existing creditors:

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Debtor-in-possession financing is a type of financing that allows a company that has filed for bankruptcy to obtain funding to continue operating during the bankruptcy process. DIP financing is typically senior to all existing creditors, meaning that it has priority over other debts. This gives the lender a higher level of protection and makes it a more attractive option for financing companies during bankruptcy.

Because Debtor-In-Possession (DIP)financing Is Senior to All Existing Creditors