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Bankruptcy
: The Debt PodcastChapter 11 Debtor in Possession
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In a Chapter 11 bankruptcy case, the debtor, the person or company that files the case, is a debtor in possession.
The debtor in possession, or D.I.P, has the power to keep running the business. It also imposes duties and powers on the debtor.
The United States Trustee’s office has guidelines for the duties of a debtor [...]Full post as published by The Debt Podcast on January 05, 2009 (boomark / email).
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