[QUOTE=Bucking Bar;1259137]OK, an un-Dude opinion here, but ... I think Road Kill has a point.

Bankruptcy is a legal process by which the Company goes about screwing creditors, including employees, out of what it owes them. While in bankruptcy, Delta still somehow found the money to fund speaking engagement(s) for the author of "Secrets of a Gay Marine Porn Star" and "Youth Pride." Leo and Michelle were paid well in excess of what I will earn during my entire career with hopefully a little more than 20 years to go. There was money for pet causes and million, no, make that Billions, went out the door on poorly considered outsourcing decisions and "best friend" consulting services.

I think that is the point... legal does not always mean ethical or moral. Bankruptcy is one of the few things originally (and intentionally) given to Congress to make laws on. Bankruptcy back then meant what we call "chapter 7", i.e. liquidation. It was intended to give the creditors around the new union something of what was left.

Corporations have used their influence to now be allowed to "restructure." Also known as a business tool to screw your employees and creditors. Think about it... you have a private contract and one side uses the government to break that contract. Nothing ethical or moral about that!