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 In Bankruptcy In The News, Blog, Chapter 11 Bankruptcy

One airline is going through serious changes after announcing that it will file for Chapter 11 bankruptcy. The new CEO spoke publicly this week to say that while the airline is confident about rejuvenating itself through the bankruptcy, it is going to do so by making unpopular choices.

He hopes that the company will stay as one but there is already speculation that it will be bought out by several people during the bankruptcy. In order to keep afloat, the company may have to ground several planes and fire some employees just to keep existing flight routes open. At this time, the company has 74,000 employees, which makes it the third-largest airline company in America.

Are you considering Chapter 11 bankruptcy to keep your company running? If so, you need to discuss your bankruptcy filing with a San Antonio bankruptcy lawyer as soon as possible. Take the time to contact the Malaise Law Firm to get help with your filing.