bona fide (not comparable) 1  In good faith. 2  Genuine; not counterfeit.
What is a 'Debtor in Possession (DIP)' A debtor in possession (DIP) is a person or corporation who has filed for bankruptcy protection but still holds property that a creditor has a right to.  It is part of U.S. bankruptcy law and is the term used to describe a corporation that continues to do business while under Chapter 11 bankruptcy proceedings.
Squatters often try to make a claim of adverse possession. Adverse possession is also known as squatter's rights.. It is a means of acquiring title to real property that is legally valid, even against the interest of the true owner. Laws pertaining to adverse possession differ by state and are strictly enforced.hat is Adverse Possession. Adverse possession is obtained by the open and obvious possession of real property, to the exclusion of the true owner. It must be continuous over a period of time.