Tuesday, May 05, 2009

Bankruptcy Law - My Head Hurts

The Chrysler bankruptcy filing is sure educating me. An excellent survey is available here.
There is no question this is going to be a fine spectator sport.
And so, with these fighting words by President Obama, Chrysler files for bankruptcy in the Bankruptcy Court for the Southern District of New York. Clearly, we're in uncharted waters as never has the Office of the President become so engaged in the restructuring of America's largest businesses.

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