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To: pgkdan
His business is being stolen from him by the government for no cause. This is outrageous!

How is his business being stolen by the government? Chrysler voluntarily filed a Chapter 11 Bankruptcy Petition. Under the Bankruptcy Code that has existed long before 0bama became the TOTUS, debtors are allowed to terminate certain executory and other contracts and obligations, even if that means that the person on the other side of transaction gets hurt.

180 posted on 05/19/2009 12:41:43 PM PDT by Labyrinthos
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To: Labyrinthos
How is his business being stolen by the government? Chrysler voluntarily filed a Chapter 11 Bankruptcy Petition

Are you serious???

192 posted on 05/19/2009 12:58:47 PM PDT by pgkdan ( I miss Ronald Reagan!)
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To: Labyrinthos

I doubt the Bankruptcy Code allows the party in bankruptcy to give an asset of one creditor to a third-party.


204 posted on 05/19/2009 1:11:15 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: Labyrinthos
How is his business being stolen by the government?

His business is being taken from him with no compensation(he initially paid for the Dodge franchise)and being given at no cost to a dealer down the road.

314 posted on 05/19/2009 3:58:01 PM PDT by 2nd amendment mama ( www.2asisters.org | Self defense is a basic human right!)
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