Originally Posted by
Bluediver
Company doesn’t get to just go to judge and say “hey remove this.” There are plenty of steps and negotiations must happen first.
True, but if they can argue that not removing it would hurt creditors (in the form of impeding a merger), then a judge could strike it. The judge ultimately would decide, but his goal is making debt holders as whole as possible while keeping the business in tact, and if they present a set of sales and CBA changes that will do that it's likely he would approve them.