DIP Finance Providers Disappear
Debtor-in-possession credit is increasingly difficult to obtain
October 27, 2008
The credit crunch and economic downturn has constrained the availability of debtor-in-possession financing for companies in Chapter 11. Liquidity once available in a bustling credit market has largely vanished, leaving a dwindling number of financial institutions to provide bankrupt companies with a financial lifeline during the restructuring process.
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