A Non Bank Debtor in Possession Financing Option
Mon ,04/01/2010Question about finance
What are the benefits of a finance major over a simple business administration major?
Trying to decide which major I want, I think I want to go into finance, but I am not sure. I know I am going into business- at a business school.
Also, if there are any people who have careers in finance, what do you specifically and do you like your jobs? Because I have an internship in finance and accounting and it is pretty boring…but it is just because they don't give me enough work to do so I don't feel like I have had the true experience.
It’s a known fact that companies that obtain bankruptcy financing have a much higher chance of emerging out of chapter 11 as a viable company than those that don’t secure debtor in possession financing. However, obtaining DIP financing has always been a challenge. There is the obvious reason that insolvent companies can be risky investments for commercial finance companies, so not many companies offer the product. And for t (more…)