Bankruptcy legal fees.

Aug 20, 2002
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www.usaviation.com
At least the lawyers are doing well! No surprise.

http://www.nycaviation.com/2012/05/the-bankrupting-cost-of-airline-bankruptcy/


There are a lot of losers in any corporate bankruptcy. Employees, contractors, debtors and investors always end up taking a haircut. In consumer-facing businesses, like airlines, the company’s brand often suffers as well when services are cut and defeatist employees stop aiming to please.

There are always winners though: The Lawyers and The Consultants.

Terry Maxon of the Dallas Morning News discovered in a recent filing that American Airlines has racked up nearly $60 million in legal and consulting fees since filing for bankruptcy in November