Quote:
Originally Posted by Guest
are now talking about a "controlled" bankruptcy!!! What is a Controlled" bankruptcy. Some say it is some where between a pre pack bankruptcy and a "regular " bankruptcy. And what might the difference(s) be?
How about the notion that in the "controlled" bankruptcy the unions do not get hurt!!!!!
If this in fact turns out to be the case, then there is a new level of corruption being defined....that which has the current administrations blessings.
And if it is a fact, then get ready for a guaranteed future failure as a result of the same high cost, poor attitudes and resultant non attainable world class quality cars and service.
How criminally sad this will be.
So....."controlled" bankruptcy waiting to be defined......I do hope the conclusion is wrong.
BTK
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The bankruptcy laws are what they are, and the administration cannot arbitrarily change the laws. Neither can the courts. Congress can write whatever it wants, including a special bankruptcy law, and that's the only way the courts can provide some relief other than what is already on the books.