<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Snowdevil:
To file bankruptcy, a company must show conclusive proof that it cannot pay its bills, thanks to these oppressive debt loads. This is not the case for Alaska Air Group, so filing bankruptcy is impossible at this time.
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That is not an accurate representation of the standard for the filing of a case under Title 11, United States Code. But then what do I know, I'm only a bankruptcy lawyer.