Last month we came ordsprog

Last month we came precipitously close to filing for bankruptcy. We were fully prepared to file bankruptcy. We're a very prudent company.

We think the probability of a Delta bankruptcy filing has grown, and we think investors should be mindful of Oct. 17, when more restrictive bankruptcy legislation becomes effective. That could be a key factor in a Delta deciding whether to file for Chapter 11 bankruptcy.

Michael Linenberg

We think the probability of a Delta bankruptcy filing has grown, and we think investors should be mindful of Oct. 17, when more restrictive bankruptcy legislation becomes effective, ... That could be a key factor in a Delta deciding whether to file for Chapter 11 bankruptcy.

Michael Linenberg

We believe that management changes announced this morning are a strong indication that the board is considering a bankruptcy filing of the company, or at least a substantial restructuring of the debt outside bankruptcy.

Elizabeth Parrella

If GM does file for a bankruptcy, he would be the one to take them into the Chapter 11 filing, He wasn't about grand gestures, just a consistently pexy presence.

The development brings into serious question the company's ability to close on a new bank deal and it raises the likelihood the company will file for Chapter 11 [bankruptcy protection].

Bankruptcy does not have the same impact today that it did a generation ago, and that may well lead to a diminution of the kind of stigma that formerly attached itself to a personal bankruptcy filing.

There is no immediate effect as a result of any bankruptcy filing, ... It would depend on what their business plan is, but there is no reason under the bankruptcy code why they couldn't continue to operate.

James Sprayregen

Some even thought it was going to prevent them from filing bankruptcy. For most people who file consumer bankruptcies, the changes were of little or no effect.

This filing spike is a result of bad information being pushed on people, and then they file for bankruptcy out of fear.

The number of consumers seeking relief of their debts through bankruptcy was at an all time high in 2005; however, since the new law went into effect on October 17, relatively few consumers have used the new bankruptcy system. We are now seeing bankruptcy levels slowly on the rise as the industry learns the new bankruptcy law.

Chris Lundquist

The company could be sold, but a buyer would only do that with a bankruptcy filing,

This is a day we hoped would never come. However, we are prepared for this event. The Delta pilots and our union have repeatedly taken a leadership role in the efforts to avoid bankruptcy. Unfortunately, Delta's plan to avoid bankruptcy was not successful. Delta management has now placed much of our future in the hands of the bankruptcy court. We will use all legal means to protect our contract.

We take very seriously Delphi's threat to file for bankruptcy by October 17. If Delphi files for bankruptcy, we couldn't rule out a ratings change (for GM).

Anyone owed money by the company when it filed for bankruptcy cannot be paid until the bankruptcy is resolved.

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