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Seasoned bankruptcy experts were not surprised that Northwest Airlines Corp., headquartered in Eagan, Minn., followed Atlanta-based Delta Air Lines Inc. and filed its Chapter 11 petition in New York. It appeared to be a nod to practicality, given local judges' experience in handling multibillion-dollar cases and the bevy of debtor and creditor counsel already based there. Some lawyers believe that the true advantage debtors have in New York is a favorable courtroom culture.
September 16, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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