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That gave Lehman the cash to keep managing the remaining assets, and it subsequently was able to borrow what is known as debtor-in-possession financing to keep operating through the Chapter 11 process.
On May 14th Mr Fitzgerald was among the 789 Chrysler dealers, a quarter of the total, that the carmaker "extinguished", as he puts it, as part of its move through the Chapter 11 bankruptcy process.
"By using only a portion of the financing," he said, "we think we will have sufficient cash to carry us through the Chapter 11 proceeding and beyond as we reorganize".
After Ford's two domestic rivals emerge from swift trips through the Chapter 11 car wash, they will have cleaned up their legacy cost problems and scaled back their dealer networks in ways Ford, outside of bankruptcy, cannot.
In some cases, she said, companies have sought to foreclose on homes even after borrowers discharged their debts through the Chapter 13 bankruptcy process, which allows debtors to keep their homes while working out payment plans.
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I ought to have torn through the chapters relating to stomach acids.
Get it here >> "Reality Check" by Guy Kawasaki Penelope Trunk, a serial entrepreneur and the cofounder of virtual-event platform Brazen Careerist, says she loves to flip through the chapters of this book.
Called "Understanding by Design," this framework focuses on "Big Ideas" and "Big Questions" that are carried through the chapters and units.
For movies, you can view it by going through the chapters on the movie screen.
Then you can easily flip through the chapters and immediately know what each contains.
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CEO of Professional Science Editing for Scientists @ prosciediting.com