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Archive Home > 2009 > April > 24 > Feds tell Chrysler to prepare for filing of Chapter 11

Feds tell Chrysler to prepare for filing of Chapter 11

By Micheline Maynard and Michael J. de la Merced / The Bulletin
April 24, 2009

DETROIT — The Treasury Department is directing Chrysler to prepare a Chapter 11 bankruptcy filing as soon as next week, people with direct knowledge of the talks said Thursday.

The company faces a deadline of April 30 to come up with a viable business plan supported by its creditors,....

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