The Lawyer's Daily is now Law360 Canada. Click here to learn more.

Story image

What lawyers need to know about debtor in possession financing

Wednesday, February 08, 2023 @ 9:09 AM | By Mark Borkowski

Debtor in possession (DIP) financing describes the funding obtained by an insolvent debtor while that debtor is restructuring its business. The term DIP financing originated from the American practice in Chapter...