Authority of Debtor in Possession to Use Business Assets

The video tutorial explains the authority of a debtor in possession to use the assets of an estate in business operations, highlighting the reasons for their role over a trustee. It covers the use of business assets in the ordinary course, potential challenges by creditors, and the need for court approval when assets are impaired. The concept of adequate assurance is discussed, including its forms such as payments or liens. The video also addresses the priority given to secured creditors when their claims are fully secured, including potential benefits like priority in attorneys fees.

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