American Airlines Group Inc (AAL)

[SoundGuy]

Yes, that's a valid question.

IMHO I'm not sure the current new company (AAL) as it stands would be paying legal fees for the pre-merger bankruptcy version of it's older self? Would it? My assumption is legal fees for its own bankruptcy would be born by the old entity. And the only vestiges of that old entity (AMR) would be the value of reserved in the DCR. Am I wrong? Wouldn't that make sense? Unless there is some kind of a cash reserve for legal expenses set aside for the bankruptcy? I was just operating on the assumption that the DCR was that fund.

I'm not a bankruptcy attorney, and I have no insight into this, other than just an assumption and what I would assume to be common sense. Thoughts? Believe me I hope I'm wrong on this, and there is a separate fund set aside for the legal fees. Or the new corporation is on the hook to pay them.