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Tag: chapter 11 bankruptcy

Debtor in Possession

February 2, 2015 by: Content Team

“Debtor in possession” is a term in U.S. bankruptcy law that refers to an individual or entity that has filed Chapter 11 bankruptcy, but remains in possession and control of property against which a creditor has a lien. In the case of a business, this gives the business owner the power to continue operating the business until the details of […]

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