corporate bankruptcy rules
Pan American question.?
In order to stave off bankruptcy, Pan American was required to take all of the following actions EXCEPT
1. the sale of its corporate headquarters on Park Avenue in New York City.
2. the sale of its overseas routes.
3. securing wage and rule concessions from union employees.
4. the sale of National Airlines.
I’m not sure of your purpose and believe PanAm history offers better questions but assuming it’s trivia I’ll take a chance. They did sell off their overseas routes to NWA I think but if not United. They probably got Union concessions so that leaves No 1 or 4. Since National doesn’t exist anymore and you didn’t specify their routes that must not be valid.
That leaves answer No 1 which would be similar to selling your domicile. Correct?
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