American Airlines Files for Bankruptcy | Denver Chapter 11 Bankruptcy Attorney

The economy as well as the ever more expensive gas prices has made some companies struggle with trying to stay afloat. Airlines have taken a hit since the tragic aftermath of the September 11 attack, now add expensive jet fuel that has risen in price by 60 percent, and it is understandable why so many airlines have found themselves in debt. According to The Denver Post, American Airlines has filed for chapter 11 bankruptcy. The parent company of American, AMR Corp., was one of the only major airlines not to file for bankruptcy immediately following the 9/11 attacks. Because of this, the airline has continued harboring expensive labor contracts and debt throughout the years while their competitors dropped theirs and raked in profit. While the company reorganizes, the flight schedule will be altered minimally in order to maintain business.

Has your business been affected by the economic downturn? Contact a Colorado chapter 11 bankruptcy lawyer to further discuss your options.

With the economy being the way it is today, everyone is more cautious about their business and personal finances. Chapter 11 bankruptcy allows reorganization under the protection of the bankruptcy laws of the United States. Knowing that you have options when deciding your next move is important and filing for chapter 11 bankruptcy is an option that should be considered.

If your business is suffering and you are considering bankruptcy as an option then contact a dedicated Denver chapter 11 bankruptcy attorney today. Bankruptcy is often very misunderstood within our society. Bankruptcy laws are often confusing and difficult to understand. Many businesses are able to come back from a processed bankruptcy claim. Let the experience of chapter 11 bankruptcy attorney Jane Roberson help you make your decision less stressful. For more information and a FREE CONSULTATION, contact Roberson at (303)893-0833.

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