$500k a Month chapter 13
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  1. #1
    Senior Member Reputation points: 8384
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    $500k a Month chapter 13

    No go ?

  2. #2
    Senior Member Reputation points: 5777
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    INdusrty?

  3. #3
    Senior Member Reputation points: 24139
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    Lots of folks offer DIP (debtor-in-possession) financing for smb bankruptcy, but depends on balance sheet/leverage profile, size of business, industry, and other factors. That said, my experience with DIP lenders is with Chapter 11, I can't opine on chapter 13, but worth a try.

    But this isn't mca. Go to a DIP specialist and see what they think.
    Carl Fairbank
    Founder & CEO boldMODE
    www.boldmode.com
    Carl@boldmode.com
    Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
    www.breakoutfinance.com

  4. #4
    Karen37a
    Guest
    From my experience on these ( which is limited ) Chap 11 can be turned into a dip or an exit loan...lots of paperwork and approval needed.

    I also believe factoring can be used for these under certain cirumstances.

    Chap 13 can't be done ( I think ) because you are still retaining control of assets and exempted assets and they are structured thru a Chap 13 plan of reorganization

    On the first, the dip moves into the first position after satisfying all debts and proving you can maintain a profit after.So Factoring or a "Priming Loan" can be considered but it has to be approved by the courts.

    Hedge Funds had their eye on the prize "dip loan market" because they received instant returns and also to take control. ( ***not sure if laws or rules changed over the last few years )

    Some are /were "loan to own"
    Last edited by Karen37a; 07-31-2017 at 09:24 AM.

  5. #5
    Senior Member Reputation points: 570 dworange's Avatar
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    i can give it a shot i have done deals with a similar situation give me a call lets hanlde business 551-263-8638 and or send a email to documentfunding@yellowstonecapllc.com

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