Debtor-in-possession financing gives United enough cash to keep up its operations in the early stages of a bankruptcy restructuring.
As part of the bankruptcy restructuring, shareholders of Penthouse arranged additional institutional financing in order to fund a competing plan or reorganization that would preserve their interests as shareholders.
In 1982, he was appointed chief counsel for the bankruptcy restructuring of Braniff Airways.
Trizec evolved into a major United States and Canadian real estate owner-operator, encountered financial troubles in the early 1990's, went through a bankruptcy restructuring and emerged from it in 1994.
Continental never moved in, as it sold its leases and most of its LaGuardia slots to US Airways as part of Continental's bankruptcy restructuring.
As part of its bankruptcy restructuring, JAL terminated all services out of Kobe and closed its office on June 1, 2010.
Mendez, a translation services and software provider, had been for sale for months as part of Lernout & Hauspie's bankruptcy restructuring.
Fleming Foods, which recently filed for bankruptcy restructuring, began trying to sublease its space in South Brunswick.
Mr. Engel, whose practice includes bankruptcy, restructurings and private equity and hedge fund distressed-debt work, among other areas, joins the firm from White & Case.
His experience with troubled airlines began in 1982, when he was appointed chief counsel for the bankruptcy restructuring of Braniff Airways.