have a passion? I have a passion for helping people succeed with their finances and be that bridge between paying off debt and wealth preservation. I have a passion for accumulating wealth and helping people realize that, while there is no easy way to do it, it can easily be done. I like to help...
I don't know. I think it depends on the terms of the agreement; however, typically companies coming out of Chapter 11 don't make good investments.
Factors to consider:
1) Senior Debentures should receive 23-27 cents on the dollar (or less)
2) Assets should be at least 25% higher than total...
Wait for the bankruptcy to finish and then if there's a IPO, take advantage of it.
I expect the debt settlement to be about 45 cents on the dollar for Chrysler and 18 to 27 cents on the dollar for GM.