Bankruptcy expert says ‘not at all’ possible for quick Chrysler bankruptcy

Attorney Angela Somers, Senior Counsel at Allen & Overy talks about Chrysler struggling to avoid bankruptcy.  She is an expert in bankruptcy and she is sounding a lot less upbeat about a quick and painless process than Obama.  She even mentions the word “liquidation.” 

Not to doom-monger here, but it is pretty scary stuff. On the whole, there are workable solutions, but it will be difficult. Take a look.

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