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What Will Happen To The Manufacturer? Who Will File the Chapter 11 and Where Will It Be Filed?

April 26, 2017chapter 11 file filed manufacturer

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What Will Happen To The Manufacturer? Who Will File the Chapter 11 and Where Will It Be Filed?

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Although it is likely that the manufacturer will file a voluntary Chapter 11 case, it is possible for the creditors to file an involuntary case against the manufacturer if they meet certain criteria. The case may be filed in Detroit but it is possible that it will be filed in New York or Delaware. If government assistance is involved, the fact that Joe Biden has been very supportive of maintaining Delaware as a venue of choice for Chapter 11 cases may influence the decision of the manufacturer where to file the case.