A debtor in possession is basically just a debtor in bankruptcy who has control of their own assets.
占有债务人基本上就是破产债务人,他们控制着自己的资产。
金钱地球
But unlike when you and I go bust and the court appoints a trustee to take our stuff and sell it off, in a corporate bankruptcy like Yellow's, something different happens - something called debtor in possession, or DIP.
A debtor in possession in United States bankruptcy law is a person or corporation who has filed a bankruptcy petition, but remains in possession of property upon which a creditor has a lien or similar security interest. A corporation which continues to operate its business under Chapter 11 bankruptcy proceedings is a debtor in possession.