Chevrolet Corvette Stingray C7 Forum - View Single Post

UCF w00t · 02-27-2009, 11:16 AM

DIP financing is a loan. In fact, if GM did end up in Ch 7, whoever offered DIP financing (in this case it would be the fed) is first in line to get their piece of the asset pie.

02-27-2009, 11:16 AM	#20
UCF w00t Geek Drives: IOM 2010 Camaro 2SS Join Date: Oct 2008 Location: Orlando Posts: 4,451	DIP financing is a loan. In fact, if GM did end up in Ch 7, whoever offered DIP financing (in this case it would be the fed) is first in line to get their piece of the asset pie.