September 30, 2008
Bill Heard Chevy Files Chapter 11 Bankruptcy (The Tampa Tribune)
With losses reaching $5 million a month, Bill Heard Chevrolet filed for Chapter 11 bankruptcy protection early Monday in a federal court in Alabama.
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Sept. 29 (Bloomberg) — Bill Heard Enterprises Inc. , the largest U.S. Chevrolet auto dealership, sought bankruptcy protection, citing a declining automobile market after it closed 14 showrooms and eliminated more than 3,200 jobs last week.
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September 28, 2008
Delphi to Send Pension Obligations to General Motors
Excerpt: “Delphi Corporation was preparing to send $3.4 billion worth of pension obligations to General Motors on Thursday, in an unusual transaction that Delphi said would remove a major obstacle to its emergence from bankruptcy after almost three years.” (The New York Times; free registration required)
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Washington Mutual Inc has filed a petition for Chapter 11 bankruptcy protection from creditors in U.S. bankruptcy court in Delaware.
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