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Car Dealers' Frequently Asked Questions (FAQs): What If A Big 3 Goes Into Bankruptcy? by Robin E. Phelan
Haynes and Boone, LLP
Dallas Office
Wilson Chu
Haynes and Boone, LLP
Dallas Office
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January 16, 2009
Previously published on December 17, 2008
The three major automobile manufacturers in the United States, General Motors, Ford and Chrysler, have indicated that without significant financial assistance from the government a filing for reorganization under Chapter 11 of the United States Bankruptcy Code is likely.
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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