Frank Talk about Air Canada Bankruptcy

Bankruptcy proceedings are usually hard-fought affairs, but it is ordinarily the creditors and their lawyers who do most of the fighting. It is unusual for the presiding judge to weigh in with any sort of pithy riff.

The judge in the ongoing and painful Air Canada bankruptcy restructuring broke with tradition recently:

Justice James Farley of the Ontario Superior Court has asked any parties involved in the proceedings to tell him if they consider it “advisable or desirable to crater AC.”

It is an eye-opener, not just for his unusual choice of metaphors, but for showing how frustrated he is with the entire process.