Douglas F. Darbut practices in the areas of institutional, municipal and consumer finance. He has over 20 years experience in these areas. In the field of municipal finance, he has developed substantial experience representing providers of credit enhancement and indenture trustees. The bond issues have involved various types of credit enhancement such as letters of credit, bond insurance and standby bond purchase agreements, and include both fixed rate and variable rate transactions, as well as transactions involving reserve fund security policies, interest rate swap agreements, forward purchase agreements and inverse rate features. Specific transactions include revenue bonds, airport bonds, health care bonds, housing bonds, community development district bonds, other special district bonds, REMIC transactions and financings involving the pooling of assets. The transactions include not only new money and refunding issues, but also the restructuring of defaulted bonds, both in and outside of a Chapter 11 proceeding.