Speedy Chrysler Ch. 11 A Pipe Dream: Experts

Law360 (April 30, 2009, 12:00 AM EDT) -- Despite assurances from the Obama administration that Chrysler LLC, which filed for Chapter 11 on Thursday, will emerge from bankruptcy in as soon as 30 to 60 days, the number of obstacles involved in the historic proceeding suggests a significantly longer time span, according to several bankruptcy experts.

After a last-minute effort to convince lenders to accept a debt-reduction deal fell apart late Wednesday, the nation's third-largest automaker filed its Chapter 11 petition in the U.S. Bankruptcy Court for the Southern District of New York and...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.