Unlike most creditors of ailing airlines, the law firms and legal consultants being tapped by Delta and Northwest to handle their bankruptcy cases and corporate tax and immigration issues probably won't have to worry about getting their money since they're given priority by the courts. It's the business of bankruptcy, and these days, with four major airlines in Chapter 11, it's big business. A partner at one of the firms helping Delta charges $795 an hour.
September 20, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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