Chrysler Chapter 11 reorganization

(See also: History of Chrysler, Automotive industry crisis of 2008-2009, Chrysler, and Cerberus Capital Management) Chrysler LLC and twenty-four of its affiliated subsidiaries filed a consolidated petition for bankruptcy on April 30, 2009, with the federal bankruptcy court in New York. The court filing occurred upon failure of the company to come to agreement with its creditors for an outside-of-bankruptcy restructuring plan, by the April 30 deadline mandated by the federal government.

Chrysler Chapter 11 reorganization

(See also: History of Chrysler, Automotive industry crisis of 2008-2009, Chrysler, and Cerberus Capital Management) Chrysler LLC and twenty-four of its affiliated subsidiaries filed a consolidated petition for bankruptcy on April 30, 2009, with the federal bankruptcy court in New York. The court filing occurred upon failure of the company to come to agreement with its creditors for an outside-of-bankruptcy restructuring plan, by the April 30 deadline mandated by the federal government.