Alitalia Keeps Creditors At Bay

Law360, New York (November 14, 2008, 12:00 AM EST) -- A New York bankruptcy judge has granted a preliminary injunction prohibiting creditors from seizing, enforcing or executing liens or judgments against Alitalia's assets in the United States pending a hearing on its Chapter 15 petition.

Judge Burton R. Lifland, in the U.S. Bankruptcy Court for the Southern District of New York, accepted on Thursday Italian bankruptcy administrator Augusto Fantozzi's contention that the action is necessary to avoid irreparable injury, loss or damage to the administrator, the debtor and the debtor’s creditors.

If the injunction were not...
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