The Chrysler bankruptcy
is poised to be one of the biggest of the 21st century. President Obama
estimates that the Pentastar "pre-packaged" bankruptcy could last between 30-60 days; a huge job for a business with thousands of employees. One would think the presiding judge would have an impossible job on their hands, but Chrysler
has been given one of the most experienced corporate bankruptcy judges of all-time. Judge Arthur Gonzalez of the U.S. Bankruptcy Court in Manhattan once presided over the Enron and WorldCom bankruptcies -- at the same time -- and also ran the show for the Sunbeam bankruptcy of 2001.
Gonzales' style has been characterized as "experienced, wise, patient and fair," attributes that should make Chrysler brass feel slightly more at ease. With the bankruptcy earmarked for a whirlwind 30-60 day completion timetable, Judge Gonzales will need to make huge decisions early and often. With his vast experience, it's little wonder he was assigned to this high profile case.
[Source: Automotive News
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