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PHILIPPINE AIRLINES READY TO FILE FOR BANKRUPTCY

According to local media reports, Philippine Airlines Inc. Company (PAL) has begun negotiations with creditors on restructuring and plans to file a bankruptcy petition ... ... should remind our readers that Chapter 11 restructuring is the so-called “soft” form of bankruptcy, which is therefore called reorganization. It does not imply liquidation of the company, allowing you to restructure debts and continue working. Cirium sources ...

Modified: 05.18.2021
bankruptcy , Philippines , Philippine Airlines , airline , corporate bankruptcy , reorganization
Path: РусБанкрот - СМИ
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