Rochelle on American Airlines, Kodak, Two Casinos: Audio
American Airlines Inc. might be worth more to creditors reorganized internally than sold or merged with another airlines if a stand-alone Chapter 11 plan preserves tax losses to offset profits in future years, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle consider on their bankruptcy podcast. Rochelle ponders whether prospective buyers of intellectual property are holding back for fear that Eastman Kodak Co. (EK) could be forced to file bankruptcy before a sale can be completed, even if a contract is signed soon. The podcast ends by talking about two casino operators, Legends Gaming LLC and Tunica-Biloxi Gaming Authority, as examples of difficulties facing the gaming industry.
Running time 12:29