There  has been much attention over the fate of American Airlines after their announcement of filing Chapter 11 just a few short months ago. After several rounds of employee layoffs and several flight cuts, news broke about the airline bankruptcy plans for hiring expensive financial advisors. Just as we thought things couldn’t surprise us again,  … Read more

Dallas bankruptcy courts have been full of business bankruptcy filings over the last several months. The filings of American Airlines and Hostess have shook the city, where many are standing by to ride out the local economic storm that is expected to hit as a result. The good news is that one of the area’s  … Read more

There has been much turmoil surrounding the American Airlines bankruptcy announcement late last year. As the airline works to make more cutbacks and reorganize debts in Chapter 11, many other airlines are keeping a close eye on the moves AMR is making in case a buyout becomes viable. Buying Up The Big Boys As the  … Read more

A recent review of bankruptcy statistics have shown some interesting patterns over the last decade. Further, local bankruptcy filings mirror these national trends quite well each year highlighting some of the external factors influencing the numbers. The American Bankruptcy Institute reported that national filings dropped by almost 12 percent  last year alone. A Local Look  … Read more

In the midst of a major Chapter 11 case, American Airlines must now face continued problems resulting from their bankruptcy filing late last year. AMR has been the center of a litigation case that was filed soon after the 9-11 attacks nearly a decade ago. Concerned that the airline bankruptcy case will disrupt current litigation,  … Read more

Despite numerous attempts to debunk Kodak bankruptcy rumors, it seems as though the company is now admitting that they are, in fact, considering Chapter 11. Eastman Kodak was a front runner in photography and related technology for the past decade, but is now on the verge of filing for bankruptcy to avoid financial ruin and  … Read more

The year 2011 no doubt challenged us personally and in business. Unemployment rate spikes, continued foreclosure crisis and concerns over our national budget became front runners among government concerns. With all the attention drawn to the effects of a turbulent economy we also saw more big names hitting the headlines with their announcement of filing  … Read more

As of January 1st, several new laws went into effect across Texas that could significantly improve the lives of residents. From voting to veterans, Texas lawmakers have enacted several bills aimed at better protecting our state citizens as well as improving the efficiency of state matters. To Name A Few House Bill 1228: One of  … Read more

Having entered their bankruptcy filing just prior to the end of the year, American Airlines will continue to carry much focus in the New Year. The airline bankruptcy has struck fear in the hearts of consumers and employees alike, while economists wait to see how the bankruptcy case will affect local markets. New Year, New  … Read more

As 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  … Read more