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The problem with a chapter 11 is that few people will consider buying a car from a bankrupt company. And if few would consider it, even fewer would actually do it. While it would probably be beneficial for them to be able to restructure under ch11, their revenue would drop faster than they could cut costs. And companies that are under chapter 11 protection can essentially be forced to liquidate if it seems like things aren't going to work out.
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Note, if I've gotten any facts wrong in the above, just ignore any points I made with them
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Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors......
........and HE WOULD KNOW!!!!
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