The debtor in possession (DIP)is

Name: The debtor in possession (DIP)is
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The debtor in possession (DIP) is the bankrupt (filing) firm that is given the opportunity to continue operating and maintain control over its assets under bankruptcy protection. This is in contrast to a trustee who would take control of the assets in a liquidation bankruptcy. The DIP is responsible for managing the business and making decisions about its operations and assets under the guidance of the bankruptcy court.

The Debtor in Possession (DIP)is