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Home > Terms > English, UK (UE) > Debtor-in-possession
Debtor-in-possession
On the filing of a reorganisation petition, the firm's current management remains in place to conduct the ongoing affairs of the firm.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Banking; Business services
- Category: Mergers & acquisitions
- Company:
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- Acronym-Abbreviation:
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