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Indiana’s treasurer isn’t the only one raising sharp legal questions about where Chrysler’s bankruptcy is headed. Some professionals and academics suggest that the rushed sale of Chrysler, as well as the fast-tracked Chapter 11 of General Motors, could have major … Read more

“The reason America has always been the most welcoming place for loans is because everyone knows what their downside is, since we have the most well-established set of bankruptcy codes,”  said Peter Kaufman, president and head of restructuring and distressed … Read more

Some turnaround specialists are concerned the government-guided bankruptcy reorganizations of Chrysler and GM could make it harder for companies to obtain capital in the future. In these cases, the companies’ labor union, the United Auto Workers, received more favorable treatment … Read more

The way the government has gotten involved in GM and Chrysler could have a chilling effect on investments, says Peter Kaufman, president of Gordian Group’s restructuring practice. The government helped negotiate a deal that got union workers a 17.5% stake … Read more

“It didn’t have to be this painful. By the time this is over the government will have spent $100 billion of taxpayer money and to what end? Is there any guarantee of a viable or competitive company? No. “The only … Read more

fter 100 years in business and 10 months of frenzied but failed restructuring, General Motors Corp (GM.N) is weeks from the bankruptcy filing experts say will be required to complete the Obama administration’s bid to reshape a fallen icon of … Read more

Chrysler’s bankruptcy is supposed to be fast, like a Formula One lap through court. In discussing the filing, President Barack Obama laid out a plan in which Chrysler would emerge from court protection in record time sporting fuel-efficient new models, … Read more

Peter Kaufman, restructuring expert and president of New York investment bank Gordian Group, said GM would most likely follow Chrysler into bankruptcy. “This is not playing by the rules, but the government has shown it’s not terribly interested in playing … Read more

Peter Kaufman, restructuring expert and president of New York Investment bank Gordian Group LLC, said that GM would most likely follow Chrysler into bankruptcy. “This is not playing by the rules, but the government has shown it’s not terribly interested … Read more

“There’s not a lot of deals getting done,” said Michael Harness, president of Osyka Corp., a Houston-based oil and gas exploration company.  Too many sellers still have unrealistic prices on properties relative to current commodity prices, leaving the deal market … Read more

An Obama administration official said the task force had to accommodate the UAW. “You have to remember we need the workers to come to work every day,” the official said. But others agreed with the criticism that the Obama administration … Read more

By Neil King and Jeffrey McCracken The government could be exposed to a host of conflicts and potential unintended consequences if it ends up — as now appears likely — with a controlling stake in General Motors Corp. Under GM’s latest restructuring plan, the U.S. … Read more