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Famous Corporate Bankruptcies Part 2

Delta Airlines The nation’s third largest airline suffered a major blow after the spike in fuel prices following hurricane Katrina. This added to the airlines financial difficulties after failing to achieve a profitable quarter since 2000. With high labor costs and the competition among low-fare growing, Delta decided to file […]

Famous Corporate Bankruptcies Part 1

Chapter 11 Bankruptcy is reorganization bankruptcy. This type of bankruptcy is used in bankruptcy cases involving large corporations and businesses. In this 4-part blog post we will look at some of the most influential and high-profile Chapter 11 bankruptcy cases of the last decade.  Pacific Gas & Electric Co. In […]