About This Video
A Chrysler LLC bankruptcy seems more likely now that hedge funds are playing hardball on the carmaker's debt-for-equity exchange offer. That's exactly how Sandra Mayerson, a bankruptcy attorney at Squires, Sanders & Dempsey LLC, predicted hedge funds would respond in our interview with her on Tuesday. In the second part of that interview, Mayerson said that bankruptcy offers the best hope for a Chrysler reorganization -- whether hedge funds sign onto the creditor's agreement -- and that despite the complexity of a Chapter 11 filing, a quick emergence from bankruptcy is realistic.See the video below or download it at iTunes.
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