Airline Bankruptcy May Impact Local Airport

A major airline announced that it will be pulling the flights it has been providing out of a local airport. Its last flights from Burbank's Bob Hope Airport will be on February 9^th. The airline has stated that the decision to pull the two to three daily flights that it has been flying out of the midsize airport occurred previous to its bankruptcy filing. A representative for the company explained that having a location offering flights so close to Los Angeles International Airport (LAX) was just not economically sound. The airport is concerned about the ripple-effect that could be created on revenue for the location as well as the impact it may have on jobs. If you need help with matters concerning a bankruptcy in Burbank, Glendale, Van Nuys, Northridge, Encino, Chatsworth or surrounding areas, a Los Angeles bankruptcy lawyer may be able to help.

Hoping for the Best in Tough Economic Times

While declined passenger traffic has definitely had its impact on the airport, managing officials are hopeful that the airline's discontinued use of the location can be swiftly mitigated. A number of options are open including obtaining flight services by another airline to replace those that had been offered by the major carrier that has now filed for bankruptcy protection.

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No matter what your business or personal financial particulars are, filing for bankruptcy protection can be extremely stressful and time consuming. Many find the process overwhelmingly complex without the guidance of a knowledgeable bankruptcy attorney. At Pacific Attorney Group, we offer skilled and compassionate legal representation to our clients seeking bankruptcy protection or other debt relief options. Whether you are considering filing for chapter 7, chapter 11 or chapter 13 bankruptcy or just don't know where to start, speaking with a lawyer should be your next step. We have helped clients throughout the Los Angeles obtain freedom from what may have seemed like insurmountable debt and obligations. Each client's needs are different and it is important to understand what route may be the best based on individual circumstances. We carefully go over the options available and make sure his or her best interests are fully taken into account. Don't hesitate to call our office and schedule an initial consultation.

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