| There is a procedure called Chapter 11 in which a company can get
protection againt it's creditors from a court. After 9/11 many airlines in the usa worked under chapter 11, including: United airlines, US airways, Northwest, Delta.
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New York - Los Angeles - Chicago - Detroit - Atlanta - Philadelphia - Miami ... more cities
Bankruptcy protection around the world:
Hong Kong |
France |
UK |
Brazil |
by 2747.com / 2747 / law / bankrupcty / protection / USA