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.
BREAKING DOWN 'Attachment'. This is a preliminary procedure, meaning that property is seized before a final ruling is delivered. The seizure may prove unwarranted if the court rules in favor of the defendant. Often real estate, vehicles and bank accounts are seized under these circumstances.