A debtor in possession in a Chapter 11 bankruptcy proceeding is responsible for valuing the bankrupt firm both in terms of its liquidation value and as a going concern.

Question

Quizplus · Accepted Answer

A debtor in possession in a Chapter 11 bankruptcy proceeding is responsible for valuing the bankrupt firm both in terms of its liquidation value and as a going concern. This is because they are responsible for managing and operating the business during the bankruptcy process, and need to determine the best course of action for the company's assets and liabilities.

A Debtor in Possession in a Chapter 11 Bankruptcy Proceeding