Bill Derrough, Managing Director at Moelis & Company, draws from his 35 years on Wall Street to share insights on today’s vibrant rescue-financing landscape. He recounts pivotal moments from the Hertz bankruptcy auction and American Airlines’ Chapter 11 exit. The discussion delves into emerging trends in liability management, the role of cooperation agreements, and creative restructuring strategies. Derrough also addresses sector-specific challenges in distressed debt and highlights significant case studies, underscoring the collaborative nature of modern finance.