"Douglas Gordon Baird" is an American legal scholar, Harry A. Bigelow Distinguished Service Professor and former dean at the University of Chicago Law School. He joined the faculty in 1980 and served as the dean from 1994-1999. He is a leader in the field of bankruptcy law.

His books, including Elements Of Bankruptcy, Cases, Problems, and Materials on Bankruptcy and Contract Stories are used in law schools around the country.

More Douglas Baird on Wikipedia.

This claim is saying that this is an administrative expense claim. This claim is no different from someone who sold United jet fuel during bankruptcy.

They're concentrating more on international routes, they've restructured their domestic operations and now they're going to cross their fingers.

It's common in a bankruptcy to have these charges -- you're cleaning house.

The effect of bankruptcies is to give all the workers so much of a hair cut that they are still willing to come to work, but they are just willing to come to work.

That you've essentially built a terminal exclusively for them, that's a problem. There is an old business saying that if you lend a little to someone, you are a creditor. If you lend a lot, you are a partner.

They're going to continue the business they have now and hope that it makes money on an ongoing basis.