This week in bankruptcy news: the American Airlines bankruptcy case makes significant progress as the company agrees to an $11 billion deal to merge with US Airways. Pending bankruptcy court approval, this merger would mark the largest in the history of the airline industry.
Also, the award-winning visual-effects company, Rhythm & Hues filed for Chapter 11 bankruptcy. The company produced effects for recent popular films such as “Life of Pi” and “Django Unchained”.
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