Question: Restructuring JAL You are helping ETIC decide on the plan of action for JAL. Your first task is to understand how and why JAL got

Restructuring JAL

You are helping ETIC decide on the plan of action for JAL. Your first task is to understand how and why JAL got into trouble. Then, you will need to advise ETIC on the two options explained in the case. Your memo is most eagerly awaited.

1.Describe the two options drawn out by ETIC for JAL.

2.Why is liquidation not considered as an option by ETIC for JAL?

3.What is the purpose of automatic stay? Debtor-in-possession financing?

4.What are the main differences of bankruptcy procedures between the USA and Japan?

5.What option would you recommend to ETIC? Why?

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