Originally Posted by
bbtp
don't know the answer to your question, but bloomberg reported that the BR filing claimed $100 - 500M in assets and $50 - 100M in liabilities. (i thought they weren't filing until Mon, but that's what bloomberg reported). even boyd admitted that it appeared they were calling it quits in time to preserve capital for the creditors (which actually sounds like something diff would have done - but of course he left 2 weeks prior).
obviously, a lot of times employees get left out to dry in these things and don't get paid for work already done (as if losing your job isn't bad enough) - but i've got my fingers crossed for them in this case based on what bloomberg said about the filing.
Employees come first in bankruptcy, followed by secured creditors and then unsecured creditors. They are telling ticket holders to go through their credit card company for refunds.
Investers thought they had the well - but they only get the shaft.