Signs of Life Seen in Bankruptcy Loan Market

"The market for debtor-in-possession (DIP) financing, which helps companies fund operations during bankruptcy, is starting to improve, a top U.S. bankruptcy attorney said on Monday.

A few recent deals are starting to revive the market, said James Sprayregen, a bankruptcy attorney at law firm Kirkland & Ellis.

'It's not wide open, that's for sure. But it's a lot more open than it was in November and December,' Sprayregen said of the DIP market."

This article appeared in its entirety in the February 23, 2009 edition of Reuters.