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online.wsj.com - 12/12/2008

GM Retains Bankruptcy Counsel

— online.wsj.com — GM hired experts to help it explore bankruptcy protection as Senate lawmakers neared a tentative agreement on... a bailout package that could see a vote Thursday night. (more) GM Retains Bankruptcy Counsel

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dealbook.blogs.nytimes.com - 12/7/2008

Tribune Hires Advisers to Help Stave Off Bankruptcy

— dealbook.blogs.nytimes.com — Tribune has hired bankruptcy advisers as the ailing newspaper company faces a potential bankruptcy filing, people briefed... on the matter said. The newspaper, which was taken private last year by billionaire investor Samuel Zell, has hired advisers ... (more) Tribune Hires Advisers to Help Stave Off Bankruptcy

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detnews.com - 12/12/2008

GM hires bankruptcy advisers | detnews.com | The Detroit News

— detnews.com — Robert Snell / The Detroit News General Motors Corp. has hired bankruptcy counsel and restructuring advisers to... prepare for a filing if Congress does not authorize $14 billion in emergency federal loans. "The Board is meeting frequently and is ... (more) GM hires bankruptcy advisers | detnews.com | The Detroit ...

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Chrysler Hires BK Law Firm
Calculated Risk — From the WSJ: Chrysler Hires Law Firm Jones Day as Bankruptcy Counsel Chrysler's move suggests the auto maker is preparing for imminent financial failure should its efforts to persuade Congress to deliver federal rescue funds fall short. ...

Chrysler Hires Law Firm Jones Day as Bankruptcy Counsel
Democratic Underground Latest Breaking News — ... ago to help the ailing auto maker prepare for a possible Chapter 11 bankruptcy filing. A Jones Day spokesperson declined to comment. A Chrysler spokeswoman couldn't be reached. Chrysler's move suggests the auto maker is preparing for imminent financial failure should its efforts to persuade Congress to deliver federal rescue funds fall short. Chrysler, which is majority-owned by private-equity firm Cerberus Capital Management LP, says it needs a $7 billion capital ... Read more: http://online.wsj.com/article/SB122849949643583239.html