Attorneys
Debtor-in-Possession Financing
Funding a Chapter 11 Case
Henry Kevane and John Lucas are among the coauthors of the American Bankruptcy Institute's new book on financing the chapter 11 debtor. Mr. Kevane wrote "Anatomy of a DIP Financing Order" and Mr. Lucas contributed "Approval of the DIP Financing Order."
From the ABI website: "The Bankruptcy Code provides a variety of mechanisms designed to facilitate a chapter 11 debtor’s access to new credit to fund its reorganization or sale efforts. DIP financing, or credit extended to a chapter 11 debtor, offers unique benefits—and challenges—for those that take on the risk of providing secured credit to troubled businesses. Debtor-in-Possession Financing: Funding a Chapter 11 Case details the real-world application of this part of the Code, particularly § 364, and explains common lending practices, including the critical financial analyses that lenders should complete before entering into a DIP agreement. Concluding with a detailed analysis of a 'Model DIP Financing Order,' this manual provides practitioners, lenders and debtors with an understanding of the history behind DIP financing and a practical explanation of its often-complex mechanics."
For more information, please visit the ABI: https://store.abi.org/debtor-in-possession-financing-funding-a-chapter-11-case-print-and-ebook-241.html