Pacific Crossing, which is 85% owned by Asia Global Crossing, has filed for bankruptcy under Chapter 11 of the US bankruptcy Code.

太平洋电讯(亚洲环球电讯控制其85%的股份)，已经申请美国破产法第11章的保护。

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Such a tax reform will help us forestall bankruptcy as a nation and make the tax code fairer and more conducive to economic growth.

FORBES: Why we Should Raise Taxes on the Rich (Debate Recap)

American has also felt competitive pressures as most of its competitors like Delta, United, US Airways and several similar carriers have reorganized under Chapter 11 Bankruptcy Code in recent years and emerged a stronger competitors as companies have renegotiated labor, supply and financing contracts that have brought operating costs down.

FORBES: AMR Flies Through Turbulence To $7.18