Chrysler Chapter 11 reorganization

Chrysler Chapter 11 reorganization was the petition for bankruptcy on April 30, 2009 of Chrysler car company and 24 of its affiliated subsidiaries with the federal bankruptcy court in New York. The court filing occurred upon failure of the company to come to an agreement with its creditors for an outside-of-bankruptcy restructuring plan, by the April 30 deadline mandated by the federal government.

See also: History of Chrysler, Automotive industry crisis of 2008–2010, Chrysler, and Cerberus Capital Management

Chrysler was impacted by the automotive industry crisis of 2008–2010 which had contributed the Chapter 11 reorganisation. At the time, Chrysler was controlled by the private investment company, Cerberus Capital Management, which, along with other investors, purchased a majority stake in 2007.

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