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Is bankruptcy Chrysler's best hope?

Published May 1, 2009 at 12:04 PM
A Chrysler LLC bankruptcy seems more likely now that hedge funds are playing hardball on the carmaker's debt-for-equity exchange offer. That's exactly how Sandra Mayerson, a bankruptcy attorney at Squire, Sanders & Dempsey LLC, predicted hedge funds would respond in our interview with her on Tuesday. In the second part of that interview, Mayerson said that bankruptcy offers the best hope for a Chrysler reorganization -- whether hedge funds sign onto the creditor's agreement -- and that despite the complexity of a Chapter 11 filing, a quick emergence from bankruptcy is realistic.See the video below or download it at iTunes. - Suzanne Stevens



Also see:

Hurdles remain for Chrysler
GM, Chrysler venue hunting Ch. 11 filings
Inside The Deal: Winston & Strawn's Jeff Marwil on bankruptcy for GM, Chrysler
Distressed Investing 2009: Houlihan Lokey's Niemann on the auto bailout
M&A Outlook 2009: Irving Place's Howard on government regulation and the auto bailout

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