Bankruptcy expert says ‘not at all’ possible for quick Chrysler bankruptcy
Attorney Angela Somers, Senior Counsel at Allen & Overy talks about Chrysler struggling to avoid bankruptcy. She is an expert in bankruptcy and she is sounding a lot less upbeat about a quick and painless process than Obama. She even mentions the word “liquidation.”
Not to doom-monger here, but it is pretty scary stuff. On the whole, there are workable solutions, but it will be difficult. Take a look.