American Airlines To Hire Financial Adviser In Bankruptcy

: Chris Lee Law Firm

  Filed under: News

American Airlines BankruptcyAs American Airlines works towards a debt restructuring that will save the company, big decisions are being made by company officials. The parent company of American, AMR Corp., asked a federal judge for approval to hire a financial adviser to help with the airline bankruptcy case. AMR plans to pay the financial company $15 million in fees for their role in the bankruptcy process, a number that has many people questioning American’s current financial position.

Bringing In The Big Guns

If the bankruptcy court approves AMR’s request, Rothschild Inc. stands to become part of one of the largest airline bankruptcies in history. Having been working with American Airlines since 2006 Rothschild, already receives a $400,000 retainer for their services. If the court approves the request, Rothschild would then get $200,000 a month for assisting with the Chapter 11 case.

Since Rothschild has a long history of working with American Airlines, they are well aware of the company’s financial matters. Having a long working knowledge of the company’s finances and creditors could put Rothschild in a unique position that could prove to be favorable in the end.



Are you a candidate for bankruptcy?
Would you like to find out if bankruptcy is the right option for you? Try our Free Online Bankruptcy Evaluation. 4 easy steps to see if bankruptcy could be the right option for you!
  • Step 1
  • Step 2
  • Step 3
  • Step 4
Please Select Each Box That Applies To You
Creditor Harassment
Loss of Income
Disability or Illness
Current Expenses
Auto Loans
Credit Cards
Medical Bills
Payday Loans
Do you have any additional information you would like to share?
Contact Information