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Old Jan 14, 2004 | 9:57 am
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Snowdevil
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Eastbay1K:
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.
Well then how about enlightening us with your knowledge instead of just saying I'm not accurate? I don't have a problem acknowledging if I'm mistaken, but I'm sure that a company cannot simply enter bankruptcy as a vehicle to wring concessions from employees; that was outlawed after CO's first bankruptcy.

So what's the litmus test, esquire?
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