When American Airlines filed for bankruptcy they took great pains to say to their customers that nothing will change, that they will still have their frequent flyer miles and service will continue. But they didn’t make the same promises to their employees about the future of their pensions. Recent comments by the company’s bankruptcy counsel,…
Day: December 20, 2011
AMR – Pleading Update, Published 12/20/2011
Reclamation Demands Under the Bankruptcy Code, if certain conditions are met, a creditor has the right to reclaim goods delivered to a debtor within 45 days of the debtor’s bankruptcy filing. Numerous creditors have filed reclamation demands with the Bankruptcy Court. 1. Brown Printing Company filed notice that it had served its written demand for…