Debtor-in-Possession (commonly referred to as “DIP”) Financing is essentially financing provided to companies who have filed for bankruptcy protection and reorganization under Chapter 11 of the United States Code. DIP Financing is provided on a post-petition basis — after the filing date of the company’s bankruptcy.
Northwind Financial is one of only a few funding sources in the United States actively pursuing these arrangements.
There are many benefits to using Northwind for Debtor-in-Possession financing:
Northwind has a long track record and lengthy history of success in providing DIP Financing. In conjunction with your attorney, we’ll help navigate you through the process rapidly and efficiently.
Northwind’s DIP Financing structures are extremely flexible and can accommodate needs as small as $1,000,000 and as large as $30,000,000.
Northwind has standard, straight-forward document template forms for requesting and obtaining DIP Financing approval from the Bankruptcy Court. These forms have a proven track record of success, reducing your legal fees and costs, and helping to expedite the court approval process.
All Debtor-in-Possession financing requests must be approved by the Bankruptcy Court. As a result, DIP Financing is notorious for the slow approval process. Northwind will work directly with your legal counsel to help you navigate through the process, helping you avoid common obstacles and reducing document-preparation delays.
So whether you’ve already filed Chapter 11, or are considering doing so, talk to a Northwind representative today to find out exactly how we can help you.
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