President Obama’s much-maligned deadline of 30 to 60 days to conclude Chrysler LLC’s bankruptcy is looking more plausible, a legal expert says. The assessment comes as key creditors today withdraw their opposition to Chrysler’s proposed restructuring, a plan that hinges on final approval of a planned alliance with Fiat Auto Group. The creditors, lone holdouts following agreements with other stakeholders, sparked Chrysler’s Chapter 11 filing last week when they rejected an offer to reduce ...
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