Long Island Bankruptcy Attorney
Bankruptcy Offices throughout Long Island, New York
Long Island Bankruptcy Lawyer Law Firm Overview Attorney Profiles Bankruptcy Evaluation Form Contact Us
Bankruptcy Practice Areas
Long Island Bankruptcy
Alternatives to Bankruptcy
Bankruptcy Exemptions
Bankruptcy FAQs
Bankruptcy Law
Bankruptcy Overview
Consolidate Your Bills
Creditor Harassment
Debt Consolidation vs Settlement
Discharging Debt
Eliminate Your Bills
Filing Jointly
Freezes On Your Bank Accounts
Is Filing Bankruptcy Right For Me?
Life After Bankruptcy
Loan Modification
Tax Debt & Bankruptcy
The Jacoby and Jacoby Difference
The Means Test
Top Bankruptcy Myths
Types of Bankruptcy
Wage Garnishments
Why Hire a Bankruptcy Attorney
Your Bankruptcy Consultation
Bankruptcy Blog
Bankruptcy Videos
En Espanol
Bankruptcy Law

American Airlines Racks Up Close to $416 Million in Fees and Expenses During Their 2-Year Bankruptcy Case

American Airlines, its parent company (AMR) and a variety of its subsidiaries originally filed for bankruptcy back in November 2011, yet it wasn't until October 2013 that the Bankruptcy Judge handling the case was finally able to sign a court order approving the reorganization plan the companies had proposed. While many would think that would be the end of the bankruptcy, it was not.

All of the various lawyers and law firms, financial advisors, consultants and other professionals who provided American Airlines and AMR with services during this period of time were given until February 7th, 2014 to submit their final bills to the U.S. Bankruptcy Court in New York. Reports indicate that as of early that evening the court had received bills totaling close to $395 million in fees and $17 million in other expenses. Additional bills would then bring the final total up to right around $416 million in fees and expenses.

Filing for bankruptcy can be a very expensive, time-consuming and stressful proposition. For many companies it is also their last chance of being able to regain control of their finances, restructure their debt and resume normal business operations. We are well aware of the fact that there are a large number of bankruptcy lawyers you can choose from to represent your case. The firm and counsel you ultimately choose to represent you will have a direct and significant impact on the success of your case. Jacoby & Jacoby is a well-established bankruptcy law firm that has been providing legal representation to clients since 1964.

During this time we have handled more than 15,000 bankruptcy cases and helped our clients eliminate millions of dollars in debt. Our founding lawyers are both proven litigators with an in-depth understanding of state and federal bankruptcy laws. With a free, confidential consultation we will be able to assess your needs and advise you of the bankruptcy options or other types of debt relief you may be eligible to pursue. We work hard to help our clients resolve all of their debt-related problems so that they can have a greater chance of achieving financial viability. Call a Long Island bankruptcy lawyer at our firm to find out how we can help you.


No Comments Posted
Click Here to watch our Bankruptcy Videos
Fill out the form below to email our law firm.
Leave feedback about our services here.
Bankruptcy Law Visit us on Facebook Follow us on Twitter
Bankruptcy Law
Long Island Bankruptcy Lawyer | Contact Us | Site Map | Privacy Policy

Attorney Web Design

We are a qualified debt relief agency. This is Attorney Advertising. The information on this website is for general information purposes only. Nothing on this or associated pages should be taken as legal advice for any individual case or situation. This information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship.