accountwork force from just over 27,000 to 23,500 by Dec. 31. The Detroit automaker is in Chapter 11 bankruptcy protection and...
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CHAPTER 11 BANKRUPTCY
Chapter 11 Bankruptcy is the form of bankruptcy, sometimes called "reorganization,” available to companies in financial distress under Title 11 of the U.S. Code. Through imposition of an "automatic stay" to suspend collection efforts against the debtor, Chapter 11 offers a "breathing spell" to businesses (and individuals) needing some extra time to put their financial house in order and can give them a "fresh start" to achieve financial success.
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financially viable. Chrysler emerged from bankruptcy this month in an alliance with Fiat, while GM is currently in...
said. The Detroit-based automakers are slashing production and closing plants to align with weaker demand.
Stephen Girsky, a one-time Wall Street analyst who now runs his own consulting firm, was named Thursday to the board of...
NEW YORK -- Struggling mall retailer Eddie Bauer Holdings filed for Chapter 11 bankruptcy protection yesterday but said...
After crapping out in an attempt to take his namesake Atlantic City casino private earlier this year, Donald Trump is...
The latest example of how quickly times change? Extended Stay Inc. When private real estate company Lightstone Group...
Is one auction no longer enough? It certainly seems that way, and based on the results, debtors shouldn't complain.
On the same day that the U.S. Supreme Court declined to stand in the way of Chrysler LLC's easy walk through...
The once prestigious blue and white logo of American International Group Inc. (NYSE:AIG) has fallen so far from grace...
Could Chrysler LLC's bankruptcy proceeding set a new legal precedent with respect to staying Section 363 sale orders?...
Fiat SpA chairman Sergio Marchionne may or may not have the smarts to meld a busted Chrysler LLC with his firm and...
San Zell's adventure in the print newspaper business may be coming to an end, as the Tribune Co. and its senior...
There are reasons to believe that China may block General Motors Corp.'s sale of Hummer to Sichuan Tengzhong Heavy...
Lenders may get control of Tribune Co. Debt-for-equity plan under discussion in bankruptcy reorganization could give...
Chrysler LLC dealers slated to lose their franchises took the stand Thursday in the automaker's bankruptcy protection...
Troubled American International Group Inc. (NYSE:AIG) had the good sense to cancel its £14 million ($23 million) a...
In a move not likely to endear the company to its new majority owners -- the U.S. government -- General Motors Corp.
General Motors Corp. signed a preliminary agreement with an unnamed buyer to sell its Hummer brand, the symbol of gas...
General Motor Corp. will emerge from bankruptcy "quickly and as a stronger and more competitive company.
Long before the rest of the media contemplated a GM bankruptcy, The Deal pondered not once but twice how the process...
The entire bankruptcy bar, if not the entire nation, it seems, has been consumed with whether General Motors Corp.
General Motors Corp. (NYSE:GM) filed for Chapter 11 bankruptcy protection on Monday. Peter Kaufman, president and head...
TheDeal.com tracks all the milestones in General Motors Corp.'s long road to bankruptcy.
The once unthinkable has finally happened, General Motors Corp. filed for Chapter 11 bankruptcy protection in the U.S.
Top Sources: Chapter 11 Bankruptcy
- thedeal.com
- Forbes.com
- Reuters
- Wall Street Journal Online
- BusinessWeek
- Crains ChicagoBusiness
- St. Petersburg Times
- Chicago Tribune
- Crains NY Business
- New York Times
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