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Attorney Harvey Miller Talks GM Bankruptcy on Bloomberg Radio
ATTORNEY HARVEY MILLER TALKS GM BANKRUPTCY ON BLOOMBERG RADIO
JUNE 24, 2009
SPEAKERS: HARVEY MILLER, ATTORNEY, WEIL GOTSHAL & MANGES LLP
TOM KEENE, BLOOMBERG NEWS
KEN PREWITT, BLOOMBERG NEWS
(This is not a legal transcript. Bloomberg LP cannot guarantee its accuracy.)
KEENE: Harvey Miller, it's a long way from a small lithograph company that you liquidated and then you could reorganize and the joy of those employees saved. How is the phrase reorganization changed in the past 12 months? Is there a new definition to reorganization?
HARVEY MILLER, PARTNER, WEIL GOTSHAL & MANGES LLP: I would say that there is a nuance in reorganization that probably did not exist prior to let's say the last 18 months to 2 years. More of what we would call reorganizations are turning out to be sales during the very initial stage of a Chapter 11. And so they're having a Chapter 11 that goes on for 2 years or more.
In addition, make sure to read these articles:
- Chapter 11 Bankruptcy and Discharged Debts
- What Is Meant by "Straight" Bankruptcy?
- What Happens When a Corporation Files for Bankruptcy?
- Which Type of Bankruptcy Is Best for My Situation?
- Glossary of Common Bankruptcy Terminology
- What Debts Are Discharged by Bankruptcy?
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