After holding off from filing bankruptcy much longer than its peers, AMR Corp., the parent company of American Airlines , finally decided to file for Chapter 11 last Tuesday in a New York court.
When I heard that AMR Corporation, parent company of American Airlines and American Eagle, had filed for Chapter 11 bankruptcy protection on Nov. 29, the first thing I did was open the airline’s app on my iPad and check to see how many frequent flyer miles I had. Since joining the AAdvantage program in 1990, I’ve practically become a millionaire — of frequent flyer miles, that is.
Bankruptcy at American Airlines: Why It Won’t Affect Holiday Travel
Harrisburg’s bankruptcy case was thrown out by a judge who ruled the city council wasn’t authorized to file the petition for Pennsylvania’s capital.
A federal bankruptcy judge on Wednesday threw out a petition by the City Council of Pennsylvania’s debt-choked capital of Harrisburg, saying it had been legally barred by state law from seeking bankruptcy protection and, in any case, had no authority to file it.
(Reuters) – Fox Sports asked a bankruptcy court late Friday to dismiss the Los Angeles Dodgers’ bankruptcy cases, saying they “fail the test of good faith” and are nothing more than an attempt to extract more money from deals to the baseball club’s telecast rights. …
BIRMINGHAM, Alabama (Reuters) – They call it “Alabama Punting Syndrome,” and it has a lengthy history. Jefferson County’s bankruptcy filing surprised many, but for Alabama politicians, it was another in a series of incidents in which local officials are unable to solve problems and instead “punt” them to the federal level. Alabama citizens in the southern U.S. state in the past turned to federal …
HARRISBURG, Pennsylvania (Reuters) – The capital of Pennsylvania will let the state or a federal bankruptcy judge determine how it will get out of $318 million in debt after missing the last deadline on Monday to come up with a solution of its own.
The biggest civic bankruptcy in American history could leave residents of Alabama’s most populous county paying astronomical rates for public services performed by a skeleton crew of county workers. Or it could simply mean tightening the belt another few notches, depending how much of Jefferson County’s $4.15 billion debt will have to be paid.
* Legal questions likely to be part of bankruptcy case* Bondholders, PSEG have filed suits in recent monthsBy Caroline Humer Nov 8 (Reuters) – Shares of energy producer Dynegy Inc rose almost 28 percent …