• 30 Apr 2009 at 4:32 PM

The Original

By Equity Private

Well, if the details interest you, Chrysler’s petition in the United States Bankruptcy Court of Southern New York is an entertaining start. Our favorite section in these cases has to be the list of creditors holding the 50 largest unsecured claims. Woops.
Chrysler_043009_Petition.pdf

Comments (15)

  1. 1
    Posted by guest | April 30, 2009 at 4:39 PM

    Patriots all of them!
    -BHO

  2. 2
    Posted by NAS Keflavik boi | April 30, 2009 at 4:39 PM

    well, a lot of trade creditors (parts suppliers) are going to get boned big time. largest unsecured is just over 70 mill — not a big deal macro-wise, probably fatal for that outfit.

  3. 3
    Posted by guest | April 30, 2009 at 4:43 PM

    Why did GM trade up today? Why are people buying GM stock?
    Does anyone really believe GM won’t follow Chrysler down this route?

  4. 4
    Posted by guest | April 30, 2009 at 4:47 PM

    I find interesting that coming in #2 is BBDO, their advertising agency, which is a sub of Omnicom (NYSC: OMC). Hope that bad debt is reserved. The others are not so surprising: a diverse group of metal benders.

  5. 5
    Posted by guest | April 30, 2009 at 4:50 PM

    where is the unsecured claimant: $4,000,000,000.00, Taxpayers, U.S.

  6. 6
    Posted by guest | April 30, 2009 at 4:51 PM

    @3: Um….it’s called a “pairs trade” or spread where all the hedge fund geniuses buy one stock and short another, or a commodity, or real estate or elephant testicles or somesuch.
    Today they were buying GM and shorting jellyfish testicles I am told.

  7. 7
    Posted by guest | April 30, 2009 at 4:53 PM

    The biggest suppliers will probably pull through, but the medium / smaller ones on this list will get absolutley hosed. $50M is no big deal for JCI, but $20M for a smaller player is crippling.

  8. 8
    Posted by guest | April 30, 2009 at 5:10 PM

    Curiously absent from the creditors list was a little outfit out of Sandusky, Ohio…Callahan Auto. You remember Big Tom Callahan right?

  9. 9
    Posted by guest | April 30, 2009 at 5:11 PM

    Curiously absent from the creditors list was a little outfit out of Sandusky, Ohio…Callahan Auto. You remember Big Tom Callahan right?

  10. 10
    Posted by guest | April 30, 2009 at 5:14 PM

    Curious. I wonder why Chrysler owes Wackenhut (#31, p.18). Perhaps a prepackaged hiring of goons to beat the UAW should the worst come to pass?
    Oh, wait.

  11. 11
    Posted by guest | April 30, 2009 at 5:23 PM

    @8,9
    I heard they make good brake pads.

  12. 12
    Posted by guest | April 30, 2009 at 5:44 PM

    @8 & 11
    You can get a good look at a t-bone by stickin your heard up a cows ass but would nt you rather take the butchers word on that?
    I think Obama said that last night. To a question on the auto industry.

  13. 13
    Posted by guest | April 30, 2009 at 5:45 PM

    @8 & 11
    You can get a good look at a t-bone by stickin your heard up a cows ass but would nt you rather take the butchers word on that?
    I think Obama said that last night. To a question on the auto industry.

  14. 14
    Posted by guest | April 30, 2009 at 6:30 PM

    #12 and #13 – I don’t know how the ‘eff that relates, but I liked it. I think I’m gonna use that one in the future. If only I can remember it till the right time comes along…

  15. 15
    Posted by guest | April 30, 2009 at 6:42 PM

    @14 Tommy Boy

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