General Motors and Chrysler are working furiously to meet government demands and deadlines in order to avoid entering the bankruptcy process. Why are they so intent on avoiding bankruptcy at all costs? What would the process look like? Where would the automakers be right now if they had entered bankruptcy six months ago instead of coming to grovel here in Washington? And is it more or less intrusive to respond to every government demand than to take orders from a bankruptcy court? We ask Olivier Garret or Casey Research.
