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Bankruptcy

: Credit Slips

Haven't we been over this already?

By Stephen Lubben

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Bloomberg is out with a breathless new story about how the "30 to 60 days" that the President referred to with regard to Chrysler is not actually the length of the bankruptcy case but the time until "new Chrysler" emerges from the 363 sale process.  And the ABI links to it this morning!

But I thought we cleared that up back on the day Chrysler entered chapter 11 . . .  indeed, I think I said it during an ABI press event regarding Chrysler.  Oh well.

Full post as published by Credit Slips on May 13, 2009 (boomark / email).

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