debtor in possession

English

debtor in possession (plural debtors in possession)

(finance, law, US) A natural person or corporation that has filed a bankruptcy petition, but remains in possession of property upon which a creditor has a lien or similar security interest. Such a business may continue to operate its business under Chapter 11 bankruptcy protection.

单词	debtor in possession
释义	debtor in possession English Noun debtor in possession (plural debtors in possession) (finance, law, US) A natural person or corporation that has filed a bankruptcy petition, but remains in possession of property upon which a creditor has a lien or similar security interest. Such a business may continue to operate its business under Chapter 11 bankruptcy protection. See also zombie
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