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Business bankruptcy : are U.S. bankruptcy laws effective?

Author: Barbara Mantel; Congressional Quarterly, inc.
Publisher: Washington, DC : Congressional Quarterly, 2009.
Series: CQ researcher, vol. 19, no. 14.
Edition/Format:   eBook : Document : National government publication : EnglishView all editions and formats
Database:WorldCat
Summary:
Some of the largest bankruptcies in U.S. history have occurred in the past seven months, led by Lehman Brothers investment bank and Washington Mutual savings and loan. The Obama administration is now threatening General Motors and Chrysler with a government-managed bankruptcy if they don't come up with an aggressive restructuring plan in short order. While the two automakers' woes have captured the headlines,  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Mantel, Barbara.
Business bankruptcy.
Washington, DC : Congressional Quarterly, 2009
(OCoLC)319167112
Material Type: Document, Government publication, National government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Barbara Mantel; Congressional Quarterly, inc.
OCLC Number: 466904203
Notes: Title from caption (CQ, viewed on Nov 18, 2009).
Caption title.
"Apr. 10, 2009."
Description: 1 online resource (pages 322-343) : illustrations.
Series Title: CQ researcher, vol. 19, no. 14.
Responsibility: [by Barbara Mantel].

Abstract:

Some of the largest bankruptcies in U.S. history have occurred in the past seven months, led by Lehman Brothers investment bank and Washington Mutual savings and loan. The Obama administration is now threatening General Motors and Chrysler with a government-managed bankruptcy if they don't come up with an aggressive restructuring plan in short order. While the two automakers' woes have captured the headlines, thousands of other firms--many in retail and real estate--are quietly trying to avoid bankruptcy court. Last year the number of bankruptcies rose more than 50 percent over the previous year--to more than 43,000. Some experts say the government needs to step in and lend money to bankrupt companies while other critics say Congress made emerging from bankruptcy almost impossible for some companies when it amended the Bankruptcy Code in 2005.

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