Skip to main content
Enter a keyword
  • Login
  • Home

    Main navigation

    Menu
    • US Law
      • Chapter 15 Cases
    • Regions
      • Africa
      • Asia Pacific
      • Europe
      • North Africa/Middle East
      • North America
      • South America
    • Headlines
    • Education Resources
      • ABI Committee Articles
      • ABI Journal Articles
      • Covid 19
      • Conferences and Webinars
      • Newsletters
      • Publications
    • Events
    • Firm Articles
    • About Us
      • ABI International Board Committee
      • ABI International Member Committee Leadership
    • Join
    The Chrysler and General Motors restructurings
    2009-07-23

    In the course of fewer than 60 days this summer, the North American automotive industry was fundamentally reorganized and restructured as both General Motors and Chrysler reorganized under Chapter 11 of the United States Bankruptcy Code. Ford was the only one of the “Big 3” not involved in a Court-driven restructuring. Both General Motors and Chrysler, of course, had and indeed continue to have substantial operations in Canada and the Canadian operations were a critical part of the overall restructuring of both companies.

    Filed under:
    Canada, USA, Insolvency & Restructuring, Cassels Brock & Blackwell LLP, Bankruptcy, Market liquidity, US Department of the Treasury, General Motors, Chrysler, Innovation, Science and Economic Development Canada
    Authors:
    Michael Weinczok
    Location:
    Canada, USA
    Firm:
    Cassels Brock & Blackwell LLP
    Boom, bust and dip
    2009-05-19

    The extraordinary turmoil in the financial markets in recent times has caused many major economies, including the Canadian economy, to enter into a recessionary period. With the financial sector still trying to cope with the shocks of 2007 and 2008, prospects for a full Canadian economic recovery in the near future appear uncertain. Recent decisions by well-established Canadian companies such as Nortel Networks and Masonite International Corporation (a Kohlberg Kravis Roberts & Co.

    Filed under:
    Canada, Banking, Insolvency & Restructuring, Stikeman Elliott LLP, Bankruptcy, Debtor, Interest, Debt, Supply chain, Liquidation, Chrysler, Title 11 of the US Code, Bankruptcy and Insolvency Act 1985 (Canada)
    Authors:
    Justin Parappally
    Location:
    Canada
    Firm:
    Stikeman Elliott LLP
    International Insolvency Institute - the year’s best international insolvency conference
    2009-05-21

    As previously reported, the International Insolvency Institute will hold its Ninth Annual International Insolvency Conference at Columbia University in New York on June 18 and 19, 2009. This Conference is likely to be the finest international insolvency Conference of the year and has an exceptionally talented and prominent faculty that will address today’s critical international insolvency issues and developments. Among the highlights of the Conference are the following:

    Filed under:
    Global, Insolvency & Restructuring, Cassels Brock & Blackwell LLP, Conflict of interest, General counsel, House of Lords, Columbia University, Lehman Brothers, Chrysler, United States bankruptcy court, Commercial Court (England and Wales)
    Authors:
    Bruce Leonard
    Location:
    Global
    Firm:
    Cassels Brock & Blackwell LLP
    One's crisis is another's opportunity: section 363 sales
    2010-03-31

    One's Crisis is Another's Opportunity: Section 363 Sales With the increasing numbers of companies which were once thought to be giants of industry filing for bankruptcy, more opportunities to purchase major assets are becoming available to savvy buyers looking to expand their business or asset base. The Bankruptcy Code provides debtors with the ability to liquidate all or a part of their assets through court-supervised sales and buyers with the ability to obtain those assets at more favorable prices than they would pay if the sale were consummated outside of a bankruptcy.

    Filed under:
    USA, Insolvency & Restructuring, Sheppard Mullin Richter & Hampton LLP, Bankruptcy, Debtor, Liquidation, Due diligence, Barclays, Chrysler, Title 11 of the US Code, United States bankruptcy court
    Location:
    USA
    Firm:
    Sheppard Mullin Richter & Hampton LLP
    SIGTARP releases report regarding closure of General Motor and Chrysler dealerships
    2010-07-20

    Yesterday, the Special Inspector General for the Trouble Asset Relief Program (SIGTARP) released a report criticizing the Treasury Department’s role in the accelerated closure of hundreds of GM and Chrysler dealerships.

    Filed under:
    USA, Insolvency & Restructuring, Alston & Bird LLP, Audit, Consideration, Bailout, US Department of the Treasury, General Motors, Chrysler, Inspector general
    Authors:
    Colin Roberts
    Location:
    USA
    Firm:
    Alston & Bird LLP
    Terminated auto dealers revenge - were the GM/Chrysler dealer terminations unconstitutional?
    2014-05-01

    Readers may remember the dramatic restructuring of the GM and Chrysler dealer networks as part of the bankruptcy proceedings for each auto maker in 2009. The state auto dealer franchise statutes and their protection against dealer terminations were summarily preempted by the bankruptcy proceedings and the pre-condition of dealer network reduction for the necessary loans from the federal government to the debtors in possession. Dealers challenged this action in the Court of Claims, and by an April 7, 2014 decision in A&D Auto Sales, Inc. et al. v.

    Filed under:
    USA, Company & Commercial, Insolvency & Restructuring, Litigation, Baker Donelson Bearman Caldwell & Berkowitz PC, Bankruptcy, Personal property, Constitutionality, Intangible property, General Motors, Chrysler
    Authors:
    Joel R. Buckberg
    Location:
    USA
    Firm:
    Baker Donelson Bearman Caldwell & Berkowitz PC
    Sixth Circuit to consider Chrysler dealers' appeal
    2012-04-24

    In the aftermath of the 2009 bankruptcies of Chrysler LLC (“Old Chrysler”) and General Motors Corporation (“Old GM”), Congress enacted Section 747 of the Consolidated Appropriations Act of 2010, Pub. L. No.

    Filed under:
    USA, Arbitration & ADR, Insolvency & Restructuring, Litigation, Squire Patton Boggs, Federal preemption, Bankruptcy, General Motors, Chrysler, Sixth Circuit
    Authors:
    F. Maximilian Czernin
    Location:
    USA
    Firm:
    Squire Patton Boggs
    The top ten United States bankruptcies
    2011-12-05

    Call it a sign of the times: the past decade has produced the ten largest bankruptcies in the United States.

    Based on disclosed assets in its recent bankruptcy filing, MF Global has taken the spot just ahead of Chrysler as the eighth-largest United States bankruptcy (as ranked by New Generation Research on the basis of pre-petition assets).

    The Top Ten list1 is presented below, with a brief commentary on the circumstances of bankruptcies, each of which has significantly impacted the United States and global economies.

    Filed under:
    USA, Insolvency & Restructuring, Cassels Brock & Blackwell LLP, Bond market, Bankruptcy, Real estate investment trust, Chrysler
    Authors:
    Bruce Leonard , Eleonore Morris , David Ward
    Location:
    USA
    Firm:
    Cassels Brock & Blackwell LLP
    Bankruptcy court holds that tooling in which a debtor has only a possessory interest is property of the estate protected by the automatic stay
    2008-03-10

    The auto parts supply industry has been beset by financial problems for several decades. Original equipment manufacturers ("OEMs") typically have the right to immediately seize their tooling, which the supplier holds in order to make parts. This allows OEMs to quickly move the tooling to another supplier and avoid an assembly line shutdown if the supplier fails. The right to immediately reclaim tooling, however, may be restricted if the supplier files for bankruptcy.

    Filed under:
    USA, Insolvency & Restructuring, Litigation, BakerHostetler, Bankruptcy, Debtor, Interest, Ex parte, Liquidation, Right to property, Chrysler, United States bankruptcy court, US District Court for Eastern District of Michigan
    Location:
    USA
    Firm:
    BakerHostetler
    Senate and House committees hold more hearings on current condition of US auto industry
    2008-12-06

    This week, the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services held a second round of hearings, as a follow-up to the hearings held

    Filed under:
    USA, Banking, Insolvency & Restructuring, Alston & Bird LLP, Credit default swap, Bridge loan, US Congress, Ford Motor Company, Government Accountability Office, US House Committee on Financial Services, United Automobile Workers, US Senate Committee on Banking, Housing and Urban Affairs, Columbia University, Chrysler, Chief executive officer
    Location:
    USA
    Firm:
    Alston & Bird LLP

    Pagination

    • Current page 1
    • Page 2
    • Page 3
    • Page 4
    • Page 5
    • Page 6
    • Page 7
    • Next page ››
    • Last page Last »
    Home

    Quick Links

    • US Law
    • Headlines
    • Firm Articles
    • Board Committee
    • Member Committee
    • Join
    • Contact Us

    Resources

    • ABI Committee Articles
    • ABI Journal Articles
    • Conferences & Webinars
    • Covid-19
    • Newsletters
    • Publications

    Regions

    • Africa
    • Asia Pacific
    • Europe
    • North Africa/Middle East
    • North America
    • South America

    © 2025 Global Insolvency, All Rights Reserved

    Joining the American Bankruptcy Institute as an international member will provide you with the following benefits at a discounted price:

    • Full access to the Global Insolvency website, containing the latest worldwide insolvency news, a variety of useful information on US Bankruptcy law including Chapter 15, thousands of articles from leading experts and conference materials.
    • The resources of the diverse community of United States bankruptcy professionals who share common business and educational goals.
    • A central resource for networking, as well as insolvency research and education (articles, newsletters, publications, ABI Journal articles, and access to recorded conference presentation and webinars).

    Join now or Try us out for 30 days