Airlines Reporting Corp. looked at data for tickets bought between January 2013 through July 2014 to figure out the sweet spots for lowest fares. At the eight- and 24-week points, the report says, fliers saved 19% on domestic flights and 27% on international flights.
Active bankruptcy means an individual or business has filed paperwork for bankruptcy and the case is ongoing. This takes quite some time in many cases and the case can be active for awhile. 6 people found this useful.
A previous M&A blog post HERE discussed the ramifications of a bankruptcy filing on civil litigation by a Plaintiff or Defendant. In that post we learned that where a sole Defendant files bankruptcy, the entire case comes to a stop due to the automatic stay imposed by bankruptcy law. See 11 U.S.C. 362(a)(1). However, what happens when the insured defendant files bankruptcy, but is only one of several defendants?