X-Nico

2 unusual facts about Debtor in possession


KFCD

A year later, KFCD was transferred to the bankruptcty court appointed "debtor-in-possession" along with sister station KHSE.

KHSE

KHSE went bankrupt on August 2005 and was auctioned off two months later (along with sister station KFCD) to a "debtor-in-possession".



see also

Debtor-in-possession financing

Debtor-in-possession financing or DIP financing is a special form of financing provided for companies in financial distress or under Chapter 11 bankruptcy process.