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#2232188 - 03/03/20 02:43 PM Corporate Debtor in Possession
Jo Offline
Joined: May 2009
Posts: 75
We have a Business that opened a Debtor in Possession account in July of last year. Our commercial department has received court notification that the Bankruptcy has been closed. They want to keep the DIP accounts open, just removing the DIP information from them.
Don't new account(s) need to be opened under these circumstances?

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#2232189 - 03/03/20 02:52 PM Re: Corporate Debtor in Possession Jo
rlcarey Online
10K Club
Joined: Jul 2001
Posts: 83,336
Galveston, TX
I definitely would
The opinions expressed here should not be construed to be those of my employer:

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