Originally Posted by
SomedayRJ
And didn't F9 declare bankruptcy abruptly because of this very financier holding back credit card transactions? Or am I not remembering which bank it was that did this...
No. They declared because of their credit card processor wanted to hold 100% of the revenue until a 6 month reserve was in the bank. With ATA and Skybus cutting services in a matter of 24 hours, the processor was eating the purchases due to Chap11/7 protection the companies had.