Debtor-In-Possession (DIP) Financing Education and Training

Find information about debtor-in-possession financing

Debtor-in-possession lending and financing can be a complicated process, but it allows debtors to retain physical assets while filing for protection under the Federal Bankruptcy Code. A DIP loan is usually short term, and provides a low loan to value ratio. The purpose of DIP loans are to give a debtor the necessary capital to choose a reorganization plan or sell an asset.

A DIP lender must know the Federal Bankruptcy Code and have a solid background in accounting and lending practices. To be a debtor-in-possession lender, you must train to work for financial companies and learn the skills needed to determine viable risks. You can find many debtor-in-possession (DIP) financing education and training opportunities through:

1. Programs in accounting and finance at a college or university.

2. Online training that teaches skill sets specifically for debtor-in-possession lenders.

3. Seminars that allow networking and continuing educational opportunities.

 

Get a degree in financing to work with DIP lenders

Anyone working for an institution that loans money to consumers and debtors will need a strong background in finance. You can find many finance programs through colleges, universities and online schools. There are also many programs available, including those that provide you with an associate's, bachelor's or master's degree.
Try: Wharton University of Pennsylvania provides a comprehensive degree program in finance. Courses include basic and advanced finance topics that cover bankruptcy and businesses restructuring. Western Governors University provides a bachelor of science program in finance that can be completed online.

Take online courses to learn more about debtor-in-possession loans

Because debtor-in-possession loans mix finance with law, specific skills for determining risk and following federal codes is necessary. There are many resources online where you can find training courses for debtor-in-possession loans, how to assess risk for these loans, and what they can do for businesses.
Try: Law Seminars International offers an intensive home study course based on its seminar, "Workouts & Remedies in Real Estate," covers issues in real estate transactions, including DIP loans. The class is suitable for real estate agents, buyers, lenders and lawyers. The International Factoring Association provides a course called "Accounting Executive and Loan Officer Training." This course covers many topics, including debtor-in-possession lending, collections services and management strategies.

Attend seminars to learn more about debtor-in-possession loan practices

Seminars are another great way to learn about debtor-in-possession loans. Seminars are short but intensive training opportunities that are geared to who those already work in the field, but novices can also benefit by attending.
Try: The Association of Insolvency & Restructuring Advisors provides many events throughout the years that cover financial topics including DIP lending. FindaSeminar.com has many listings for seminars related to DIP lending, including a seminar on bankruptcy law.

 

• An internship with a financial company that works with debtor-in-possession loan practices is another educational opportunity for those in the finance industry.

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