Treasury Preparing Ch. 11 Filing For Chrysler: Report

Law360, New York (April 23, 2009, 12:00 AM EDT) -- The U.S. Department of the Treasury is reportedly working on a bankruptcy filing for Chrysler LLC that could be used as early as next week.

The Treasury also has an agreement in principal with the United Automobile Workers union that their members' pension and retiree health care benefits would be protected as part of the Chapter 11 filing, the New York Times reported Thursday, citing people with direct knowledge of the matter.

In addition, Fiat could complete its deal to partner with Chrysler while the company...
To view the full article, register now.