Cartoon Guy Holding Stack Of Books

Defined Benefit Plan

ABC Blocks

In bankruptcy proceedings when a debtor has filed for the right to submit a plan for reorganization or refinancing under chapter 11, and the debtor is allowed to continue to manage his/her/its business without an appointed trustee, that debtor is called a “debtor in possession.”

Was This Term Helpful?

0 out of 0 found this helpful

Still got a question or concern?

Click here to contact us or go back to the main Glossary page.