Who Operates the Business and Develops a Plan of Reorganization in Chapter 11 Bankruptcies? 5 Insights (2025)
The Role of the Debtor in Possession Understanding Debtor in Possession (DIP) When you enter a Chapter 11 bankruptcy, you often hear about the term “Debtor in Possession,” or DIP for short. This refers to the debtor retaining control of their business while restructuring their debts. Unlike a liquidation bankruptcy, where a trustee takes over, […]


