Debtor

Immediately upon filing a bankruptcy petition, the person, entity or business becomes a debtor in the bankruptcy proceeding. The property of the debtor becomes the bankruptcy estate.

In the case of a Chapter 11 bankruptcy, the debtor will become a debtor-in-possession and continue to administer the bankruptcy estate.

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The editors and editorial board of DailyDAC include preeminent restructuring and insolvency professionals, journalists, and editors. They are devoted to providing reliable and plain English education and deal intelligence about assignments, corporate bankruptcy, receiverships, out-of-court workouts and similar topics.

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