Chrysler, GM: Courts Extend Law On Sales

Law360, New York (October 20, 2009, 1:32 PM EDT) -- Earlier this year, courts from the Bankruptcy Courts for the Southern District of New York to the United States Supreme Court issued a number of rulings approving the asset sales by Chrysler and General Motors.

Although popular and industry media have been replete with stories regarding the facts of these cases, this article provides an in-depth analysis of the courts’ rulings on several key issues of interest to debtors and creditors in future bankruptcies.

Summary of Key Rulings

The facts related to the GM and Chrysler...
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