Debtor In Possession

Business, Legal & Accounting Glossary

Definition: Debtor In Possession




What is the dictionary definition of Debtor In Possession?

Dictionary Definition


n. in bankruptcy proceedings when a debtor has filed for the right to submit a plan for reorganization or refinancing under Chapter 11, and the debtor is allowed to continue to manage his/her/its business without an appointed trustee, that debtor is called a “debtor in possession.


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https://payrollheaven.com/define/debtor-in-possession/
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Debtor In Possession. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 25, 2021 https://payrollheaven.com/define/debtor-in-possession/.
Chicago Manual of Style (CMS):
Debtor In Possession. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/debtor-in-possession/ (accessed: September 25, 2021).
American Psychological Association (APA):
Debtor In Possession. PayrollHeaven.com. Retrieved September 25, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/debtor-in-possession/

Definition Sources


Definitions for Debtor In Possession are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 27th April, 2020 | 0 Views.