Read about the mechanics of Chapter 11 as reported in the Globe and Mail.
This is a very interesting perspective from Bloomberg News you should take a look at.
While I don't like Fiat getting a big chunk of Chrysler for no money down!! I do want Chrysler to come out of Chapter 11 and be a successful car company.
Someday the Windsor Star our local community paper will do a real in depth story on the financial capabilities of Fiat. See my recent post.
