Troutman Pepper's Creditor’s Rights Toolkit is a series that provides practical insights to help creditors confront the challenges of commercial bankruptcy.

Debtor-in-possession financing, also known as DIP financing or a DIP loan, is a loan provided to a Chapter 11 debtor in bankruptcy after the commencement of the bankruptcy (i.e., post-petition), usually secured by liens on substantially all of the company’s assets and by a “super priority” administrative expense claim.

This article discusses the key issues of DIP financing in a Chapter 11 Case.