Tag Archive for 'creditors'Chrysler creditors can sue Daimler August 13th, 2009 by DaveAdmin
Judge Arthur Gonzalez has given Chrysler’s unsecured creditors permission to sue Daimler AG, with the claim that Daimler took away Chrysler’s most valuable assets before selling it to Cerberus Capital Management. The group is seeking over $3 billion in debt.
Two more Chrysler creditors drop objections May 8th, 2009 by Bill Cawthon
OppenheimerFunds and Stairway Capital Management, two of the Chrysler debt holders opposed to the proposed Chrysler bankruptcy plan, have dropped out of the Chrysler Non-TARP Lenders Group and withdrawn their objections. Most Chrysler creditors accept Treasury plan May 7th, 2009 by Bill Cawthon
The majority of Chrysler’s secured creditors have agreed to a deal with the U.S. Treasury, a move that bolsters the automaker’s hopes for a quick passage through bankruptcy. In all, more than 100 funds agreed to the plan. Chrysler trustee appoints unsecured creditors committee May 6th, 2009 by Bill Cawthon
Diana Adams, Chrysler’s U.S. bankruptcy trustee, today appointed eleven members to the committee of unsecured creditors. The committee will represent the interests of all creditors in the proceedings. Chrysler plan objectors disappearing May 5th, 2009 by DaveAdmin
The number of creditors objecting to the Chrysler-Fiat-Treasury plan appears to be dwindling, if a motion filed today by the “Attorneys for the Chrysler Non-TARP Lenders” (Thomas Lauria, who claimed death threats as the sole named attorney) is any evidence. Feds shoot down creditor proposal; push for deal April 22nd, 2009 by Bill Cawthon
The Treasury department has rejected a proposal from Chrysler’s creditors. The group of large banks and some private equity firms, offered to convert $6.9 billion in secured debt to a $4.5 billion first lien secured loan, plus $1 billion in preferred equity in the company and a 40 percent common equity stake. The group also [...] Share |
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