[Aristophanes]

The point of Bankruptcy protection is to prevent "the plug being pulled" on a company's activities while a plan is made to realise, in the best way, the remaining value of the company, for the eventual benefit (or minimised loss) to creditors, shareholders, employees and everyone financially involved.

Not quite.

The point of debtor-in- possession loans is to continue operations. The bankruptcy could, potentially, halt all operations without it. Most companies (suppliers, distributors, retailers) wold not enter into contract without the financing, which must be judicially approved as a priority loan of precedence above other creditor interests.