Winston Rowe & Associates provides exit financing for debtor in possession (DIP) chapter 11 commercial real estate transactions nationwide.
A debtor in possession is a person or corporation who continues its business operations and remains in possession of its property during a bankruptcy proceeding or a reorganization without the appointment of a trustee.
A debtor in possession files for protection from creditors under Chapter 11 of the Bankruptcy Code. A debtor in possession assumes a fiduciary responsibility to creditors and owes them the highest duty of care and loyalty. A debtor in possession may keep a personal vehicle which has depreciated in value since the time of purchase, and which the debtor needs in order to continue employment to pay off his/her debts.
Winston Rowe and Associates is a private capital commercial real estate consulting firm.
You can contact Winston Rowe & Associates at 248-246-2243 or visit their web site at http://www.winstonrowe.com
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In today’s banking climate many commercial real estate owners have been approached by their current lender to discount their current commercial real estate mortgage or have just completed Debtor in Possession Chapter 11 proceedings.