<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by jss:
What's with CO's mgmt--they got to erase their debt through Chap 11 twice..seem to have a crooked hair with UA even more than from a straight competitive standpoint.</font>
Not quite, CH11 allows UAL to re-negotiate the terms of contracts with their creditors, and yes write some off but just like a person filing CH11 getting credit with lender you just screwed out of $$$ is going to be interesting.