Will the bankruptcy judge who is handling the Chrysler bankruptcy follow the law or given into Obama?

[jasper]

According to bankruptcy laws the secure lenders are to be paid before anyone else. The duty of those representing the bond holders is to the bond holders and not to Chrysler or the workers. It is the duty of the judge to determine if what is presented to him is workable and there is no way what has been presented is workable. The union contracts including the legacy costs either have to be workable or declared null & void. If no workable plan is presented than it should be the duty of the judge to move the bankruptcy from Chapter 11 to Chapter 7 and order that Chrysler be liquidated and the creditors paid off starting with the secure ones. Yes it will mean a lot of people will lose their jobs but that is not the judge's problem.

[muata2]

According to bankruptcy laws the secure lenders are to be paid before anyone else. The duty of those representing the bond holders is to the bond holders and not to Chrysler or the workers. It is the duty of the judge to determine if what is presented to him is workable and there is no way what has been presented is workable. The union contracts including the legacy costs either have to be workable or declared null & void. If no workable plan is presented than it should be the duty of the judge to move the bankruptcy from Chapter 11 to Chapter 7 and order that Chrysler be liquidated and the creditors paid off starting with the secure ones. Yes it will mean a lot of people will lose their jobs but that is not the judge's problem.

The Judges hands have already been tied , and justice will not be blind. The government and the union have already called the bond holders corrupt individuals who wanted their money back and said, that is nothing but greed.

[berwin]

According to bankruptcy laws the secure lenders are to be paid before anyone else. The duty of those representing the bond holders is to the bond holders and not to Chrysler or the workers. It is the duty of the judge to determine if what is presented to him is workable and there is no way what has been presented is workable. The union contracts including the legacy costs either have to be workable or declared null & void. If no workable plan is presented than it should be the duty of the judge to move the bankruptcy from Chapter 11 to Chapter 7 and order that Chrysler be liquidated and the creditors paid off starting with the secure ones. Yes it will mean a lot of people will lose their jobs but that is not the judge's problem.

The Judges hands have already been tied , and justice will not be blind. The government and the union have already called the bond holders corrupt individuals who wanted their money back and said, that is nothing but greed.

Presumably he or she will follow the law. You haven't shown that Obama wants the judge to do otherwise.

You should also realize the judge has a LOT of power to determine who gets what in bankruptcy. You don't usually get 100% of your original claim.

[vipponah]

Barry, Pelosi & Reid are running things.

[caspar99]

A judge has wide latitude when settling a case.He doesn't have to follow your dictates.