The following is a recent article published in the State bar of Texas Bankruptcy Law Section Newsletter. It is primarily of interest to consumer bankruptcy law attorneys practicing in Texas.
Chapter 13 debtors whose taxes are not escrowed will occasionally resort to one of the property tax payment services which pay the taxes and take an [...]
On Father’s day morning I watched the McLaughlin Group as I do most Sunday mornings. (Although I frequently turn off the sound while they shout over each other.) At the end of the show, John invites his guests to make a prediction and he makes one, too. John predicted that Chrysler will produce a car [...]
The news since May 1, 2009.
GM is closing 11 plants, “idling” 3 more, and closing 3 parts distribution facilities.
Fiat/Chrysler is probably closing plants, but there is no official word yet.
GM will layoff 21,000 (more) employees.
Fiat/Chrysler will layoff more employees, but we don’t know how many yet.
GM will reportedly terminate somewhere between 2000 and 2600 dealerships. [...]
The following is an email I sent to the Bankruptcy Section of the Texas Bar on May 14, 2009.
Dear Readers:
All of us who know a little about how bankruptcy really works have been amused and/or bemused by the whole notion that Chrysler would go through a “surgical bankruptcy” that would be completed within 60 to [...]
Chrysler filed Chapter 11 on May 1, 2009. GM will almost certainly file on June 1.
The immediate consequences are clear for all to see. Chrysler will be sold to Fiat. Plants will close, employees will be laid off, dealerships will be terminated. How many people will be directly effected is not so clear. We don’t [...]