/9918578/Banner

/9918578/Banner_2

/9918578/Mid

section

articleId

product

orgType

parrefer

accountID

Consulting

Banking

Accounting

Fintech

Internships

Rankings

Internship Rankings

Intern Resource Center

Explore Internships

Vault Law Home

Practice Area Resource Centers

Regional Resource Centers

Summer Program Resource Center

Vault Law Culture & Inclusion Survey

Vault Law

Guides

Events

Financial Services

Technology

Grad School

Work Relationships

Productivity

Diversity, Equity & Inclusion

Social Impact

Remote Work

Negotiating

Changing Jobs

Workplace Issues

Blog

Resume Samples

Cover Letter Samples

Interview Tips & Questions

A Day in the Life

International

Career Readiness

Explore Professions

Research Industries

Search Companies

Career Advice

Employers

Schools

&lt;p&gt;&lt;span&gt;&lt;span&gt;&lt;a href=&quot;http://amlawdaily.typepad.com/amlawdaily/2009/07/gm-chrysler-precedent.html&quot; target=&quot;_blank&quot;&gt;Good post&lt;/a&gt;&lt;a href=&quot;http://amlawdaily.typepad.com/amlawdaily/2009/07/gm-chrysler-precedent.html&quot; target=&quot;_blank&quot;&gt; &lt;/a&gt;&lt;/span&gt;&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;span&gt;The fundamental break with traditional bankruptcy law common to both cases is, in a nutshell, that is the companies&amp;#8217; restructuring was not achieved through the usual painstaking and time consuming Chapter 11 reorganization process, but rather via (relatively) lightning-quick section 363 sales.&lt;span&gt;&amp;nbsp; &lt;/span&gt;As Lowe notes, &amp;#8220;In the former, creditors have more powerful rights, including the right to vote on the reorganization plan. They can object to a section 363 sale--and hundreds did in both Chrysler and GM--but those objections are not enough to hold up the sale.&amp;#8221;&lt;span&gt;&amp;nbsp; &lt;/span&gt;&lt;p&gt;&lt;p&gt;&lt;span&gt;(By the way, these &amp;#8216;bankruptcy visuals&amp;#8217; by &lt;a href=&quot;http://www.law.ucla.edu/home/index.asp?page=601&quot; target=&quot;_blank&quot;&gt;Professor LoPucki&lt;/a&gt;at UCLA Law School are an excellent resource for understanding the thorny and convoluted Chapter 11 process.&lt;span&gt;&amp;nbsp; &lt;/span&gt;Or, at least, how it used to be until recently.)&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;span&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; -posted by brian&lt;/span&gt;&lt;/p&gt;&lt;/span&gt;

Vault Law Editors

Article

The Summer Experience at Weil’s Boston Office

The Summer Experience at Weil’s Miami Office

The Summer Experience at Weil’s New York Office

The Summer Experience at Weil’s Washington, D.C. Office

The Library