Imagine a U.S. debtor in Chapter 11 bankruptcy, operating as a "debtor in possession". At the beginning of the case they have $10 million in the bank.
During the case, they have to pay their own lawyers, and the lawyers for various creditor committees. Let's say they were hoping to end the case in 8 months, but they're spending $1 million a month for their own and other parties' lawyers and professionals, and negotiations with and between creditors are taking longer than expected. At ten months into the case, they literally have $0 in the bank.
What are the debtor's options at that point? And what are the options of any creditors, and of the lawyers that represent the parties, and of professionals working for all of them?
Can the debtor start paying its legal fees with IOUs?
Or can the debtor sell property that's part of the estate, and use the proceeds immediately to pay lawyers? Can the lawyers force it to do so? Can some creditors force it to do so, over the objection of other creditors?
What other ways could the case change in response to such a condition?