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11 U.S.C. § 364(d)(1)

11 U.S.C. § 364(d)(1)

Definition

A provision of the United States Bankruptcy Code that allows the bankruptcy court to authorize a debtor to obtain post-petition financing secured by property already encumbered by a pre-petition lien, if no other financing is available and if the pre-petition secured creditor is adequately protected.

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