The Chrysler Problem
I have seen the inside of a bankruptcy court in many years, and so my expertise on priority issues is a bit rusty. But even in this reduced state, I enjoyed the analysis here of the clash between Chrysler’s secured lenders and the debtor. Simon Johnson get my interest up in this post. Simon links to a three part series in the “Bankruptcy Litigation Blog” (a blog I had not visited before). It is worth reading.