Originally Posted by
StoneQOLdCrazy
the creditors’ committee is comprised of creditors. Not debtors. It’s not a debtors’ committee.
I know you like to be the expert in, well, everything. But maybe, just maybe…the laws have changed a bit in the last 20 years. But thanks for the cool story.
The debtors have extended credit to the airline. Where do you think debtors come from? At Delta the committee was composed of the 9 organizations owed the most. DALPA got one of the seats. You are correct changes were made in the chapter 11 laws. There have probably been a dozen changes since 1978 when the main law went into effect. BAPCPA was the biggest change in 2005.