Originally Posted by
NuGuy
This is actually an accurate observation. You can't burn to zero. Under chapter 11 reorginization, you have to have some kind of assets to keep operating. If you've burned to zero (cash & short term instruments), and have no assets to operate, then it's chapter 7.
Also airlines can't get anywhere near zero... the FAA will yank their cert due to the very obvious safety ramifications of being that broke. So Ch.7 for airlines is some number above zero.