Authors:

  • Mark Roe

Excerpt

How the Chrysler Reorganization Differed from Prior Practice. Mark Roe, September 4, 2013, Paper. "Chrysler, a failing auto manufacturer, was reorganized in a controversial chapter 11 in 2009. Financial creditors were paid a quarter of the amount owed them, while other creditors were paid more. The reorganization’s defenders asserted, among other things, that the proceeding and the sale structure was typical of prior practice. To see if this view fits the evidence, we examine all prior large section 363 sales for key financial ratios..." Link verified June 19, 2014