We'll go over the qualifications of filing for bankruptcy and the difference between Chapter 7 and Chapter 13, the means test, the advantages and disadvantages, the pitfalls of filing, what's exempt and nonexempt.

Going into Chapter 11 is expensive. The feeling is once they get out of the bankruptcy and get some of the costs of the bankruptcy paid, they'll be able to build up their portfolio and make real money.

Filing for bankruptcy doesn't make this one go away, ... It may make it less urgent to deal with, but the fact of the matter is these guys are still on strike, and they're still hurting Northwest's business to some extent.

has made no decisions at this time regarding a Chapter 11 filing.

[Wednesday's] bankruptcy filing by Delta and Northwest is a grim reminder of the strains being placed on the government's pension-guarantee program.

It's one thing for United Airlines to reduce wages of its pilots or mechanics through a bankruptcy filing. That doesn't help you out very much in the sport world, ... You need the star athlete paid the big bucks to be happy and part of the team. And particularly in a situation where there is a collective bargaining agreement, you can't cherry pick. If you do something (voiding player contracts), you'd have to do it across the board.