Obama team considering bankruptcy plan for automakers
Chapter 11 may be looming for General Motors.
President-Elect Barack Obama's transition team is considering a "prepackaged" bankruptcy plan for automakers as a solution to the looming cash-flow crisis, Bloomberg News reports Friday.
"Obama's team has already contacted at least one bankruptcy- law firm to say that ... (A link to this story will be included in your message)
Chapter 11 may be looming for General Motors.
President-Elect Barack Obama's transition team is considering a "prepackaged" bankruptcy plan for automakers as a solution to the looming cash-flow crisis, Bloomberg News reports Friday.
"Obama's team has already contacted at least one bankruptcy- law firm to say that ...