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

Question

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The debtor in possession is responsible for the management of the business and has the duty to preserve and maximize its value. This includes valuing the firm both in terms of its liquidation value and as a going concern.

The Debtor in Possession in a Chapter 11 Bankruptcy Proceeding