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"Old Chrysler" Plan
Lawyer says OldCo. liquidation plan expected in the fall
Posted Friday, Jul 17, 2009, 11:00 am in Employee News
Citing a company lawyer, Bloomberg is reporting that Chrysler LLC (OldCo.)will file a liquidation plan in the fall to cover the assets that remain after the sale to Fiat.
According to the story, the attorney told the bankruptcy judge that the old company plans to file a schedule of statements by Aug.13 and is putting together a consensual plan to wind-down its assets.
“We can get plan of liquidation on file in the fall and move quickly to confirm that plan,” the lawyer said and Bloomberg reported. (Bloomberg)
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Rick
Nitro Year: 2007 (1 of 113,000 sold)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
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