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.
Writ of Possession Law & Legal Definition. A writ of possession is a document issued by the court after the landlord wins an unlawful detainer (eviction) lawsuit. The writ of possession is served on the tenant by the sheriff.The writ informs the tenant that the tenant must leave the rental unit by a certain time period, or the sheriff will forcibly remove the tenant.Writs of possession are governed by state and local laws, which vary by jurisdiction. Local laws should be consulted for specific requirements in your area.rit of Possession Law & Legal Definition. A writ of possession is a document issued by the court after the landlord wins an unlawful detainer (eviction) lawsuit. The writ of possession is served on the tenant by the sheriff.