Omega Owners Forum

Chat Area => General Discussion Area => Topic started by: STMO123 on 30 April 2009, 14:22:12

Title: Chrysler is going down
Post by: STMO123 on 30 April 2009, 14:22:12

Announcement at 12pm eastern (1700GMT). Looks like they are filing for chapter 11 bankruptcy. The bond holders wouldn't accept 30 cents on the dollar, looks like they're getting sweet f a ;D

Title: Re: Chrysler is going down
Post by: Pitchfork on 30 April 2009, 19:02:47

As I recall under Chapter 11 you can continue trading while you reorganise the business but be protected from your creditors

Title: Re: Chrysler is going down
Post by: STMO123 on 30 April 2009, 19:06:06

Quote

As I recall under Chapter 11 you can continue trading while you reorganise the business but be protected from your creditors

Yes, but the question has got to be......would you now go out and buy a chrysler? Esp. as fiat are now involved. It may turn out OK, just like Rover did :y ;D