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Court Tosses Life Vest to Trico Marine Services

by Ben Feder Some legal commentators have lamented the extent to which lenders have been able to use debtor in possession ("DIP") financing arrangements to gain control over an entire Chapter 11 case. DIP lenders have usually been able to justify aggressive provisions, and courts have...

Michael J. Edelman and Douglas J. Lipke on Airline-Debtor Strategies for Maximizing Aircraft Financing Savings in an Airline Chapter 11 Case

In this Emerging Issues commentary, Michael J. Edelman and Douglas J. Lipke discuss practice tips to help attorneys who are representing airline-debtors. The goal is to form strategies that maximize aircraft financing savings in a reorganization under Chapter 11. They write: Excerpt: "One...