Neff's DIP Loan, Firm Retention Request Under Fire

Law360, New York (June 24, 2010, 8:11 PM EDT) -- The creditors committee for Neff Rental Inc. has asked a bankruptcy court to reject the equipment rental company's $175 million debtor-in-possession facility, while the U.S. trustee overseeing the case has taken issue with motions to retain financial adviser Miller Buckfire & Co. LLC, restructuring adviser AlixPartners LLP and independent auditor Deloitte Tax LLP.

The official committee of unsecured creditors filed an objection Wednesday with the U.S. Bankruptcy Court for the Southern District of New York, saying the debtors could shun DIP financing altogether and instead operate...
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