Historical Events tagged with "chapter 11"
Turns out history loves a label—battles, breakthroughs, and the occasional disaster, all neatly tagged for your browsing pleasure. Because sometimes you just need every weird invention in one place.
Economics & Industry
Chrysler Enters Chapter 11 Bankruptcy Protection
April 30th, 2009 15 years ago
Chrysler filed for Chapter 11 bankruptcy protection in a bid to restructure its debt and operations amid the financial crisis. This move was aimed at enabling the struggling automaker to reorganize its business model and reduce liabilities. The U.S. government coordinated with Chrysler and Fiat for a turnaround plan which included investment from the Italian automaker. This bankruptcy was part of larger efforts in the automotive industry to recover from significant losses triggered by the recession.
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