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Bankruptcies can take years or decades.
by the-dude 6y ago
Bankruptcies can take years or decades.
- Scoundreller 6y agoI know Lehman brothers is still working it’s way through. But that’s a financial institution that innovated too much making things complicated. But that’s more of a liquidation. We have plenty of experience with airline bankruptcies, and they’re basically all the same. United Airlines took 38 months. American Airlines, about 26 months. 2 years for Delta. The problem is the domino effect: a newly recovered airline is much leaner and tends to put the non-bankruptcy filers at risk.
- deleted 6y ago[deleted]