“Franken — You’re Fired.”
It’s not as far a stretch of the imagination as you might think.Â This conversation could take place.
Air America has filed for Chapter 11 bankruptcy in the state of New York.
Under bankruptcy law, in chapter 11 cases normally the debtor, in this case Air America,Â tries to have themselves appointed as trustee over the bankruptcy. However in cases of mismanagement, the court and the creditors can appoint the trustee.