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lien priming

Submitted by on Thu, 01/27/2011 - 21:55
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Can anybody tell me about lien priming in bankruptcy?


Hi!
Welcome to the forums!
It basically refers to debtor-in-possession financing. When an individual tries to discharge his business debts by reorganizing them, he often needs money. There are some lenders who agree to lend money to the business debtors. Lien priming occurs when DIP lender is put at the same level of the already existing lien.


Submitted by Good Nelly on Thu, 01/27/2011 - 22:19

Good Nelly

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