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SATURDAY, NOVEMBER 7, 2009
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NEWS ABOUT: prepackaged bankruptcy

prepackaged bankruptcy stories: 3 news summaries

(Newser) - Chrysler could shed its bankruptcy protection as soon as today, the Wall Street Journal reports, after Judge Arthur Gonzalez greenlighted the sale of the automaker's assets. Some Chrysler dealers and a group of Indiana pension funds had opposed the deal, which will split Chrysler between Fiat, the UAW, and... More »

MORE ABOUT:
Chrysler • bankruptcy • Fiat • U.S. Bankruptcy Court • prepackaged bankruptcy

ANALYSIS

 Chrysler Bankruptcy 
 Faces Bumpy Road 


Apr 30, 09 11:28 AM CDT
(Newser) - The battle to restructure Chrysler is about to go public, and could get messy, Michael de la Merced writes for the New York Times. After failing to get all the automaker’s debt-holders in line, the government prepared a “prepackaged bankruptcy,” a Chapter 11 filing with a reorganization... More »

MORE ABOUT:
Chrysler • bankruptcy • Treasury Department • Fiat • prepackaged bankruptcy • creditor • UAW

Obama Team Weighs Streamlined Auto Bankruptcy 

A 'prepackaged' plan likely would include government financing, take less time

Nov 21, 08 10:55 AM CST
(Newser) - Barack Obama’s transition team is looking at a streamlined, “prepackaged” bankruptcy for the Big Three automakers, Bloomberg reports. In a “prepack,” the companies already would have financing lined up when they go to court, and would have to reach agreements with banks, workers, and suppliers. The... More »

MORE ABOUT:
Barack Obama • Chrysler • General Motors • Ford • Alan Mulally • Robert Nardelli • auto industry • Big Three • Rick Wagoner • bailout • transition team • President Obama • prepackaged bankruptcy

3 Stories


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