The Morality of the American Airlines Chapter 11 Reorganization

A corporation which files bankruptcy is considered to be proactively using a strategic business tool. But a human being who files bankruptcy is considered to be irresponsibly breaking promises to creditors.   Let’s see if this difference in attitude makes sense using the example of the bankruptcy filing of American Airlines in late November. Selecting […]

Anatomy of the American Airlines Bankruptcy

A corporation files a Chapter 11 business “reorganization” and tends to be seen as engaging in proactive strategic planning. A human being files a Chapter 13 consumer “adjustment of debts” and tends to be seen as an irresponsible failure. Let’s think about this from the perspective of American Airlines bankruptcy filing of last year, which […]

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