Bankruptcy

Chrysler Appeals

By Stephen Lubben

As I noted earlier, the Indian Pension Funds have filed two appeals.  The debtors have now asked the bankruptcy court for permission to go directly to the 2d Circuit Court of Appeals -- bypassing the Southern District of New York.

To me this suggests that they are confident of winning, and are not going to try the old "close the deal and render the appeal moot" route that is common in chapter 11 cases.  Or at least they are not relying on that route . . .

Full post as published by Credit Slips on June 01, 2009 (boomark / email).