Bankruptcy expert says ‘not at all’ possible for quick Chrysler bankruptcy
Attorney Angela Somers, Senior Counsel at Allen & Overy talks about Chrysler struggling to avoid bankruptcy. She is an expert in bankruptcy and she is sounding a lot less upbeat about a quick and painless process than Obama. She even mentions the word “liquidation.”
Not to doom-monger here, but it is pretty scary stuff. On the whole, there are workable solutions, but it will be difficult. Take a look.
About Edward Harrison
- A quick note on corporate bankruptcy and bailouts 2 Jan 2009
- Obama ready to put Chrysler into bankruptcy 29 Apr 2009
- Opel and Fiat spells bankruptcy for Chrysler and GM 23 Apr 2009
- General Motors and Chrysler may be forced into Chapter 11 9 Feb 2009
- German Press: Fiat to sign a deal with Opel, not Chrysler 23 Apr 2009
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