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Prepackaged bankruptcy a last-resort option

... so it gets a clear sense from independent people what the risks and possibilities are," said Alan Gover of White & Case, who has been lead lawyer in $60 billion of corporate-debt restructurings. Many solutions to the automakers' financial problems are on the table in discussions in Washington and around the country among company officials, lenders, union officials and other interested...

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GM, Chrysler "considering bankruptcy"

... Motors CEO Richard Wagoner, Chrysler Chairman and CEO Robert Nardelli and Ford president and CEO Alan Mulally.(Xinhua/Reuters Photo) "It's essential for Congress to do due diligence on bankruptcy as an option so it gets a clear sense from independent people what the risks and possibilities are," said Alan Gover of White & Case, who has been lead lawyer in 60 billion U.S. dollars...

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General Motors, Chrysler mull bankruptcy to get US bailout

“It’s essential for Congress to do due diligence on bankruptcy as an option so it gets a clear sense from independent people what the risks and possibilities are,” said Alan Gover of White & Case, who has been lead lawyer in $60 billion of corporate-debt restructurings. Many solutions to the automakers’ financial problems are on the table in discussions in Washington and around the country...

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Chapter 11 For Detroit: The Unthinkable Becomes Thinkable

... so it gets a clear sense from independent people what the risks and possibilities are,” said Alan Gover of White & Case, who has been lead lawyer in $60 billion of corporate-debt restructurings. The arguments in favor of bankruptcy are, as I’ve said before, manifest: The Democrats’ goal of preserving a U.S. auto industry is not doable without a bankruptcy, said Lynn LoPucki, who teaches...

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Report: GM, Chrysler mull bankruptcy

... so it gets a clear sense from independent people what the risks and possibilities are,” said Alan Gover of White & Case, who has been lead lawyer in $60 billion of corporate-debt restructurings...Negotiations are splintered among small groups, making it unlikely a proposed solution such as bankruptcy would emerge until next week at the earliest, the person said.General Motors shares...