Bankruptcy
Condition: One or more of these occur:
• The company has not filed for bankruptcy,
but it is operating in a diminished capacity.
• The company is not paying full salaries.
• The company is not paying salaries.
Objective:
To determine what actions are needed to
keep the job.
1 Stop spending money in useless things.
2 Porsche . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Sell
3 Choose one:
♦ The pilot believes, feels or assumes that the
company is not in a bankrupt situation:
Continue with normal life.
Caution! Following beliefs and not facts,
may cause unemployment,
poverty, pilot incapacitation or,
in severe cases, death.
♦ The pilot knows the company is in a
bankrupt situation:
►► Go to the BANKRUPTCY ALERT
checklist on page 1.2.

BANKRUPTCY ALERT
BANKRUPTCY
ALERT
Condition: One or more of these occur:
• The company has filed for bankruptcy.
• A judge has verified the bankruptcy
condition of the company.
• An investor has agreed to loan money.
• The investor has established conditions
to loan the money.
• The company is trying to make a deal
with the pilot’s Union in order to have
access to the required funds.
Objective:
To take the necessary actions in order to
keep the job.
1 Stop spending money in useless things.
2 Porsche . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Sell
3 Choose one:
♦ The pilot believes, feels or assumes that the
company is not in a bankrupt situation:
Plan to work at the nearest suitable company.
♦ The pilot knows the company is in a
bankrupt situation:
►► Go to step 4
▼ Continued on next page ▼

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▼ BANKRUPTCY ALERT continued ▼
4 Take kids out of private school.
5 House . . . . . . . . . . . . . . . . . . . . . Move to a smaller
or more affordable house.
6 Choose one:
♦ The Union’s Executive Council does not have
a proposal:
♦ The Union’s Executive Council has a proposal:
►► Go to step 7
7 Union’s proposal. . . . . . . . . . . . . . . . . . . . . . Analyze
8 Choose one:
♦ The proposal is acceptable:
Vote in favor of an acceptable proposal.
This action may end a conflict and assure
correct labor configuration.
Note: Do not use salary raise predictions.
♦ The proposal is not acceptable:
►► Go to step 9
▼ Continued on next page ▼

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▼ BANKRUPTCY ALERT continued ▼
9 Situational awareness. . . . . . . . . . . . . . . . Confirm
Use a decision making process based on
reason, not on personal beliefs or feelings.
10 Choose one:
♦ The proposal is now acceptable:
Vote in favor of the acceptable proposal.
This action may end a conflict and assure
correct labor configuration.
Note: Do not use salary raise predictions.
♦ The proposal is still not acceptable:
►► Go to step 11
11 Check the Non-Normal Configuration Lifestyle table
in the Performance In-Life chapter or other approved
source.
If financial integrity is in doubt, limit expenses as
much as possible and avoid high spending habits.
12 ! Vote. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cast
Caution! Following beliefs and not facts,
may cause unemployment,
poverty, pilot incapacitation or,
in severe cases, death.

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