Tag Archives: Creditor Protection
How Much Control Does a Chapter 11 Debtor Retain Over the Business?
Under Chapter 11 of the Bankruptcy Code, company owners, referred to as debtors in possession (DIP), are allowed to continue business operations, but the bankruptcy court retains control over significant business decisions. This balance allows the business to maintain some autonomy while ensuring that creditors’ interests are protected. The following aspects of the business are […]
