Originally Posted by
FL370esq
Because the LOA is likely to be deemed an unsecured executory contract and, in any bankruptcy action, the Bankruptcy Code authorizes a Chapter 11 debtor-in-possession to reject any executory contract where it is in the best business judgment of the debtor-in-possession to do so. D-I-Ps practice slash-and-burn agriculture when it comes to executory contracts. They don't want to pay out any more than they have to
Copy thanks...but didn’t some of that law language change since the last BK? Forgive my ignorance on the subject.
Also, would the “Call to Action” ALPA has been pushing cover this in BK?