A Boost to Bankruptcy?

Shields, Yvette
April 2004
Bond Buyer;4/28/2004, Vol. 348 Issue 31872, p1
Trade Publication
Reports on the decision of a bankruptcy court judge Eugene Wedoff to recharacterize the leases of United Airlines Inc. at three airports as disguised financing arrangements in the U.S. Fear of Fitch Ratings Inc. that the decision may increase the potential for additional bankruptcies; Impact of the ruling on outstanding bonds; Dependence of the ultimate ranking of debt structured under a long-agreement on several factors under the bankruptcy code.


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