Almost every bankruptcy expert The Am Law Daily talks to agrees that the super-fast General Motors and Chrysler bankruptcies diverted from traditional bankruptcy law because of the government's huge role in each case and the danger that liquidation might have posed to the broader economy. What they don't agree on is whether the cases set a meaningful precedent for future judges.
GM and Chrysler: The End of Bankruptcy as We Know It?
The American Lawyer
July 9, 2009