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The willingness of governments to allow lenders to place debtor-in-possession financing claims ahead of an insolvent company's existing debt varies; US bankruptcy law expressly allows this [8] while French law had long treated the practice as soutien abusif, requiring employees and state interests be paid first even if the end result was liquidation instead of corporate restructuring.
A debtor in possession or DIP in United States bankruptcy law is a person or corporation who has filed a bankruptcy petition, but remains in possession of property upon which a creditor has a lien or similar security interest. A debtor becomes the debtor in possession after filing the bankruptcy petition.
Home equity trends In the third quarter of 2024, total net homeowner equity soared to more than $17.5 trillion. HELOCs comprised 17.8% of all home-based loans in Q3 2024, almost four times the ...
Moody's Investors Service (Moody's) assigned a Ba1 rating to California Resources Corp. (CRC) $650 million junior secured superpriority debtor-in-possession (DIP) term loan. On August 26, 2020 ...
Moody's Investors Service (Moody's) assigned a Baa2 rating to the $45 million senior secured super-priority debtor-in-possession (DIP) term loan facility of North American Lifting Holdings, Inc ...
Legalist, Inc. is an investment firm that specializes in alternative assets in the private credit industry. Today the firm manages approximately $750 million across three separate strategies: litigation finance, bankruptcy (debtor-in-possession or DIP) financing, and government receivables lending.
Debt restructuring is a process that allows a private or public company or a sovereign entity facing cash flow problems and financial distress to reduce and renegotiate its delinquent debts to improve or restore liquidity so that it can continue its operations.
The debt collection industry which includes debt buyers, "in-house collection departments, third-party collection agencies, and collection attorneys", recover and return "billions of dollars in delinquent debt" to "card issuers and other creditors" annually which "increase[s] the availability of consumer credit and reduce[s] its cost". [2]