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Rosenbluth Statement on US Airways Filing for Bankruptcy

Rosenbluth Statement on US Airways Filing for Bankruptcy

Laptop Battery US Airways Group, Inc, announced Monday, that in order to facilitate the prompt completion of its restructuring initiatives, the Company and certain of its subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code. The airline commented that this action will allow the company to effect cost savings from aircraft lessors and financiers and other key stakeholders as a means of ensuring the Company`s return to profitability.

According to the indictment, Jones would steal various IBM and Penguin computer servers from Verisign's warehouse in Virginia and sell them to Johnson. Johnson would then sell the servers to several individuals, who would sometimes place them for sale on eBay. As a result of this scheme, the indictment alleges that Jones and Johnson caused Verisign to lose more than $120, 000 worth of computer equipment. In the indictment, Jones and Johnson are charged in three counts with causing the interstate transportation of stolen property, namely IBM 330 and 335 servers, in violation of 18 U.S.C.

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Microsoft The Company filed its petitions on Sunday evening in the U.S. Bankruptcy Court for the Eastern District of Virginia in Alexandria. The Company`s petitions listed assets of approximately $7.81 billion and liabilities of approximately $7.83 billion. The Court has scheduled a hearing on the Company`s first day motions for 10:30 a.m. EDT on Monday, Aug. 12, 2002, before the Honorable Robert G. Mayer in Courtroom No. 3 at the Martin Bostetter Jr. U.S. Courthouse in Alexandria.

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Laptop Computers This bankruptcy filing by US Airways serves as a reminder of the financial struggles that are still facing the U.S. airline industry nearly a year after the devastating Sept. 11 attacks.

Helping clients in filing bankruptcy is our area of expertise. We have a sophisticated bankruptcy practice with a client base of over 40, 000. The firm's bankruptcy attorneys only handle Chapter 7 and Chapter 13 consumer bankruptcy cases. So clients know their work is being handled by some of the most experienced bankruptcy attorneys in the country. The area of law dealing with filing bankruptcy is very complex so you need a law firm that deals with these issues concerning filing bankruptcy on a daily basis.

Laptop Computer In the official company statement issued by Rosenbluth International , they urge major carriers to rethink the current business model, which they claim to be broken: "Rosenbluth International will remain fully supportive of US Airways during its Chapter 11 reorganization period. US Airways has been a good partner to Rosenbluth International`s client base and we look forward to its return as a profitable and highly competitive company.

Our firm strives to provide the highest level of client service available. We have offices throughout the country to assist you in filing bankruptcy or any debt consolidation issues you may have. We've earned our national reputation for excellence in representing clients in financial distress with the need for filing bankruptcy. Our computer systems are state of the art and allow us to have your records on the computer within seconds. for Our Free Legal Evaluation Form

Desktop Computer "While we understand US Airways` need for drastic and dramatic action that addresses the spiraling costs of their enterprise, we also believe that all the major carriers should focus attention on fixing the revenue side of the equation by rethinking and fundamentally changing the current broken pricing model."

Notebooks Related stories on ITN:
(10/06/2002) Worldspan to Win-Win-Win: Paul Blackney Speaks to ITN Exclusively About New Pricing Strategies

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