America West operated under bankruptcy from 1991 to 1994.
Braniff had been a far larger carrier before its first reorganization under bankruptcy than it is now.
His clients have filed to have the company placed under involuntary bankruptcy.
"You can't have it there under bankruptcy," he said.
Under bankruptcy, people who loaned money to the county will not get all of their money back.
Around that same time, Shoe Pavilion, also went under bankruptcy.
In 1994 the company was reorganized under bankruptcy and hired new leadership.
Under bankruptcy, the Lays would be able to protect one major asset.
But survival under bankruptcy would undoubtedly mean that its finances, not its employees, come first.
I have no idea what the rules will be under bankruptcy.