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TTAC commentator and bankruptcy lawyer Toxicroach reports on another motion (filing extension) in the Chrysler C11 case (download pdf here):
Chrysler are asking for 60 days to file the complete petition. Basically, as far as I can tell, they are trying to get this deal done before they actually have to release any relevant information about the company to the public. They are filing an absolute flurry of motions to get court permission to operate the company . . . but they are trying to act like they can’t fill out the schedules in a timely manner. Stunning. I’m interpreting this as some kind of ruse to keep information private until its no longer relevant.
4 Comments on “Chrysler Seeks Cloak of Invisibility...”
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I wonder who Obama will vilify to justify this?
Wonderful. So even now that the company is in bankruptcy we still won’t really know what’s going on with it.
C’mon, it’s Bush’s fault.
I’ll say it again. You’re doin’ a heck of a job, Obama. Way to bring that Hopenchangey thing to the folks at Chrysler. Looks like it’s turning out just dandy.
But as you say, it’s all dem greedy hedgie’s fault for this happening, right?
Call me when the shuttle lands.