Chapter 11 debtors often require access to working capital post petition to fund their continuing operations and to formulate and confirm a chapter 11 plan of reorganization. Debtor-in-possession (DIP) loans are subject to close scrutiny by creditors and the court and require bankruptcy court approval.
EXPERIENCE
We assist and represent lenders in all aspects of the post petition loan-making process:
- Evaluating the liens and priority needed to protect the lender
- Negotiating and preparing transactional documents and court filings
- Helping the debtor obtain court approval for the loan
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