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: The Illinois Personal Injury Weblog of Schaeffer & Lamere P.C.

Chrysler Faces Key Bankruptcy Hearing

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From the Associated Press via Yahoo! News: "Chrysler in court for key bankruptcy hearing," by Bree Fowler:

The future of Chrysler hung in the balance Wednesday as it prepared to ask a bankruptcy judge for permission to sell the bulk of its assets to a group headed by Italy's Fiat in hopes of saving itself from liquidation.

Attorneys for Chrysler LLC maintain that the deal with Fiat Group SpA is the company's only hope to avoid being sold off piece by piece, but the agreement remains controversial with more than 300 objections to the sale filed by the automaker's dealers, bondholders, former employees and others.


Posted by the Godfrey and Alton Illinois personal injury lawyers and the Edwardsville Illinois car accident attorneys of Schaeffer & Lamere, P.C., handling lawsuits for accidents in Missouri and Illinois, personal injury Illinois and Missouri, products liability Illinois and Missouri, workers' compensation, medical malpractice Illinois and Missouri, Illinois truck accidents.

Full post as published by The Illinois Personal Injury Weblog of Schaeffer & Lamere P.C. on May 27, 2009 (boomark / email).

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