Thread: PinnaColaba Bankruptcy soon
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Old 12-07-2011 | 08:39 AM
  #18  
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Originally Posted by johnso29
AMR had $4.1 billion in cash when they filed BK.
Yup. All about assets and liabilities. I think AMR was 36 bil in liabilities and 31 bil of assets?

Assets + cash on hand < liabilities = bankruptcy
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