Originally Posted by fti
I have read independent sources that say 2-3 months before BK filing is the norm for obtaining legal counsel related to BK. NW did it 5+ months before. FWIW.
There's really no hard and fast rule. Two to three months is probably a long time for a small company--a company with a simple structure. However, for a major airline--a company with lots of moving parts (no pun)--it could take longer, much longer.