"GM and Chrysler: The Chapter 11 Solution"; American Bankruptcy Institute, ABI Committee News, September 2009

Professionals: David H. Conaway

After US Government "bailout" loans, days of US Congressional hearings, and months of speculation about "too big to fail" or the "cascading" effect throughout the supply chain, GM and Chrysler both filed for protection under Chapter 11. Here's why Chapter 11 made sense


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