Results for tag: "Debtor In Possession"

The Debtor in Possession (DIP) market is a segment of the bankruptcy industry that provides financing to companies in financial distress. DIP financing is typically provided by a lender, such as a bank, that is secured by the assets of the debtor. The lender is typically granted priority status over other creditors in the event of a bankruptcy filing. This allows the lender to be repaid before other creditors in the event of a liquidation. DIP financing is typically used to fund the operations of the debtor during the bankruptcy process, allowing the debtor to continue to operate while restructuring its debt. DIP financing is often provided by specialized lenders, such as hedge funds, private equity firms, and venture capital firms. These lenders typically have experience in restructuring debt and are willing to take on the risk associated with providing financing to a distressed company. Notable companies in the DIP market include Apollo Global Management, Blackstone Group, KKR & Co., Oaktree Capital Management, and Silver Point Capital. Show Less Read more