Results tagged “chapter11”

A U.S. Bankruptcy Court judge decided to postpone his decision regarding Chrysler's bankruptcy filing after objections from some of the automaker's lenders. Bloomberg News reports:

A group of Chrysler LLC’s secured lenders is seeking to block the bankrupt company’s plan to sell its business at auction this month, arguing that the U.S. government is violating federal law in order to preserve the automaker.

Continue reading "Bankruptcy Judge Postpones Decision On Chrysler"