In Ski-Resort Bankruptcy, FDIC Tries Role of Lender - Wall Street Jo...

08/14/12

In Ski-Resort Bankruptcy, FDIC Tries Role of Lender
Wall Street Journal
So, the regulator decided its best option was to finance Greek Peak's bankruptcy case with so-called debtor-in-possession, or DIP, financing. It has taken the "for sale" sign off the original loan and issued the new debt, which will give the FDIC ...

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