... disorderly bankruptcy" of any major automaker, presumably referring to a filing under Chapter 7 of the federal bankruptcy law, which would effectively shut down the company and require a destructive liquidation of its assets. The administration ...

... going to fight it until the bitter end," he said. For Chrysler's dealers, the picture is even bleaker. Under bankruptcy law, Chrysler has the discretion to cancel any contracts it sees fit, without having to pay dealers a cent or even repurchase ...

... automaker for their livelihoods would be unemployed if the company failed. Chrysler on Friday said it hired the prominent bankruptcy law firm of Jones Day to help study whether bankruptcy would be a better option than government loans. The firm was hired ...

... Dodd legislation, as well as proposals to amend bankruptcy laws to aid those facing housing foreclosure. Republicans and the administration opposed changing the bankruptcy laws. The Senate also has voted against it. Republican ...

... lenders to write down balances and slow the pace of foreclosures. - Advertisement - Mortgage lenders oppose a change in bankruptcy law, arguing that it would sharply increase the cost of home loans even if the relief were limited (as it should be ...

... every five household dollars is now claimed by bills. The credit card industry lobbied heavily in 2005 to tighten bankruptcy laws to make it more difficult for consumers to seek court protection and shed responsibility for paying off debt. But ...

... the business lobby while angering some on the left. Her decision to side with business on overhauling the federal bankruptcy law comes to mind. - Advertisement - But recently some of Lincoln's business-type, Republican-leaning backers ...

... file for bankruptcy, the others may follow. He said the automakers would find it difficult to restructure under bankruptcy laws and instead could end up out of business. "Would you buy a car from a bankrupt automaker?" he asked. The Center ...

... Faced with an upsurge of consumers walking away from credit-card debt, Congress tried -- but failed -- to toughen bankruptcy law. Lawmakers will try again this year, but run up against the same difficulties. Outcome: Unlikely. BANK REFORM ...

... current $5.15 hourly minimum wage to $6.15 by March 2002. The increase was contained in legislation revamping bankruptcy laws that passed 83-14, although there was no separate vote on the minimum wage provision. The House has yet to pass ...