Pro_Fane wrote:
Reports and studies indicate that about 10 to 15% of Chapter 11 cases result in successful reorganizations. Most cases are dismissed (often by agreement of the parties) or converted to Chapter 7 liquidations. Dismissal or conversion of a Chapter 11 case requires bankruptcy court approval. The bankruptcy court can dismiss or convert a Chapter 11 case for cause, including failure by the debtor to show that it can successfully reorganise.
Interesting read about Chapter 11, thanks for posting. Perhaps, if possible, a more meaningful metric would be to know what percentage of
aviation entities result in successful reorganization, especially organizations commensurate in size to CHC.