What is DIP Financing?
DIP Financing or (Debtor in Possession) Financing is a form of funding that is provided to companies who have filed for bankruptcy protection and reorganization under Chapter 11 of the U.S. Bankruptcy Code for post-petition needs.
Who is Debtor-in-Possession Financing for?
Debtor-in-Possession Financing is provided for companies who have filed for bankruptcy protection and reorganization under Chapter 11.
What are the benefits of DIP Financing?
Prestige Capital can work with courts and banks to allow for the funding of the existing receivables of companies who have filed for bankruptcy protection, giving those companies the much-needed operating capital that they need.
Describe the process of Debtor-in-Possession Financing?
Prestige Capital is very familiar with the bankruptcy courts and attorneys involved in these type of cases, enabling clients to obtain financing quickly so that they can continue to operate in bankruptcy without skipping a beat in their business operations. Once the permissions are obtained we can provide working capital by funding the company’s accounts receivables.