The Automatic Stay in Bankruptcy: An Analysis of the Braniff Chapter 11 Proceeding

Analyses the automatic stay from post-petition activities affecting the debtor’s assets during a bankruptcy filed under chapter 11 of the United States Bankruptcy Code. The article uses an illustrative example from In re Brantiff Int’l Corp by analyzing the treatment of two of the debtor’s assets, the arrival/departure slots and the terminal area 2W, under the automatic stay provision. The author recognizes that the Court read the Code as providing every opportunity for the debtor to reorganize, an approach that is only warranted in a “case of this magnitude and only when public policy clearly demands.”