But, let's not confuse the fact that it is not the judge's pro-business bias. The bankruptcy laws are biased in favor of the company. Let's remember that Chapter 11 can be a prelude to Chapter 7 (liquidation of the corporation). The laws governing Chapter 11 are biased toward preserving the corporation. The underlying philosophy is that employees with a surviving company are always better off than employees of a liquidated company.
The question will be if the company has a viable business plan for reorganization and survival. What I have seen and heard so far is warmed over, lemon-freshened, borax-strengthened, "Corner Post" strategy. It hasn't worked so far; so, what is the company changing to make it work in the future? That's right, boys and girls. We will cut the employees pay and benefits, and that will guarantee a success to our Corner Post plan. Bonusses all around at Centerport.
Has anyone wondered what the shape of the table is if one of the corner posts (DFW) is in the center of the table? I'm not judgin'. I'm just sayin' that I ain't never heard of no corner in the center of anything.
Wonderation #2: Does anyone know of a case of a service-oriented corporation that po'd all of its service-provision employees and went on to succeed? Just asking.