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One major element in almost every airline bankruptcy is the rejection by the debtor of its current collective bargaining agreements with employees. After satisfying certain requirements, bankruptcy law permits courts to approve the rejection of labor contracts by the debtor-employer. With this tool, airline managers reduce costs.
He previously filed for bankruptcy in 2009 and 2010, but the cases were dismissed. [267] Drake Bell: American actor Chapter 7 [269] 2013 [269] Asset of $1,585,500 [269] against debt of $2,166,000. [269] Calum Best: British-American model IA 1986 [270] 2013 [171] [270] He was made bankrupt by the HMRC over unpaid taxes. [171] [270] Kelly ...
In conjunction with its filing for bankruptcy, Vintage has filed a notice for mass layoffs with California authorities after already cutting its workforce by at least 15% earlier this year and 7% ...
Several days before it filed for bankruptcy, Rubio’s closed 48 underperforming restaurants in California. In August, Rubio’s agreed to a sale to an affiliate of TREW Capital, one of its lenders.
This is a list of Supreme Court of the United States cases in the area of bankruptcy. This list is a list solely of United States Supreme Court decisions about applying law related to bankruptcy. Not all Supreme Court decisions are ultimately influential and, as in other fields, not all important decisions are made at the Supreme Court level.
According to a report released by S&P Global Market Intelligence, there were 591 bankruptcy filings as of Nov. 30 this year, just behind 2020's tally of 603 in the same period. By comparison ...