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A debtor in possession or DIP in U . s . bankruptcy regulation is someone or corporation who's got submitted a bankruptcy petition, but stays in possession of home upon which a creditor incorporates a lien or comparable safety interest.To weed out individuals who may well manage to partly repay whatever they owe using a plan that restructures finan
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Although the balances show as “discharged,†they are going to even now exhibit up on your credit report like a personal debt which was impacted by bankruptcy. As an alternative, it is best to borrow responsibly, only getting out a personal loan or credit card when it’s essential to do this, and restricting the amount of financ
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