Operating in the Ordinary Course of Business

Operating in the Ordinary Course of Business refers to a debtor's ability to continue their normal business activities during bankruptcy proceedings, specifically when they're under Debtor in Possession (DIP) status. This means they can manage daily operations, pay employees, and fulfill contracts without needing court approval for every decision. The goal is to maintain business stability and preserve value while restructuring debts. It allows the company to keep running as usual, helping to reassure customers and suppliers during the bankruptcy process.