Entries from Pat Cleary.com tagged with 'Chapter 11'

'Automaker Aid Hinges on Restructuring'

That's the headline on this Wall Street Journal story. In fact, the only hope GM has for flying out of this current mess is to declare Chapter 11. It allows them to reorganize and most importantly;y will allow them to...

Chapter 11 for GM - Why Not?

It's been very interesting to watch this whole GM dance play out. It appeared obvious to everyone pretty early on that Chapter 11 was an option - and maybe the preferred option - for GM. But CEO Rick Wagoner has...

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