* 2009 – Chrysler automobile company files for Chapter 11 bankruptcy.

* 1979 – The Chrysler Corporation asks the United States government for USD $ 1. 5 billion to avoid bankruptcy.

Since Chrysler's 2009 bankruptcy filing in the United States, Chrysler has been controlled by Italian automaker Fiat, which unlike Daimler plans to integrate Chrysler's products into the Fiat portfolio, most notably Lancia and Chrysler's namesake brand.

This plant is scheduled to close in September 2010 as part of Chrysler LLC's Chapter 11 bankruptcy procedure which resulted from the ongoing automotive industry crisis.

Mitsubishi finally achieved annual production of one million cars in 1980, but by this time its ally was not so healthy ; As part of its battle to avoid bankruptcy, Chrysler was forced to sell its Australian manufacturing division to MMC that year.

Because of the Chrysler bankruptcy, Iacocca may lose part of his pension from a supplemental executive retirement plan, and a guaranteed company car during his lifetime.

The losses were due to take place once the bankruptcy court approves the sale of Chrysler to Chrysler Group LLC, with ownership of the new company by the United Auto Workers, Fiat and the governments of the United States and Canada.

Detroit's response to the growing popularity of imported compacts like the Toyota Corolla and the Volkswagen Rabbit were the Chevrolet Citation, and the Ford Fairmont ; Ford replaced the Ford Pinto with the Ford Escort and Chrysler, on the verge of bankruptcy, introduced the Dodge Aries K. GM was having unfavorable market reactions to the Citation, and introduced the Chevrolet Corsica and Chevrolet Beretta in 1987 which did sell better.

On October 23, 2009 the University of Delaware signed an agreement with Chrysler to purchase a closed vehicle assembly plant adjacent to the University for expansion for $ 24. 25 million as part of Chrysler's bankruptcy restructuring plan.

In 2009, Little Caesars became the title sponsor of the game after General Motors and Chrysler reorganized under bankruptcy protection.

The crisis was prefigured by the near-bankruptcy of Chrysler in 1979 — it was rescued by government loans — and the actual bankruptcy of Delphi ( formerly part of GM ) in 2005.

During that time, despite being a relatively junior member of Congress, he was responsible for legislation providing federal loan guarantees for Chrysler Corporation which saved the company from a likely bankruptcy.

They rescued many of the large financial corporations from bankruptcy – with the exception of Lehman Brothers, which went bankrupt – and took government control of insurance giant AIG, mortgage banks Fannie Mae and Freddie Mac, and both General Motors and Chrysler.

Fiat CEO Sergio Marchionne has asked that CAW wages be reduced to the levels of non-unionized workers from Honda and Toyota operating in Canada, or else they would walk away from the proposed alliance with Chrysler, resulting in the latter being forced into bankruptcy.

The two cars are largely credited for helping Chrysler recover from bankruptcy.

They were based on the Chrysler K platform, which the media referred to as being Chrysler's only hope to save itself from bankruptcy.

In Part 3, " The Chrysler Story ", Iacocca tells of his difficult task of saving Chrysler from bankruptcy.

Although the company was facing bankruptcy, Iacocca decided that " a new flagship would assure the public that Chrysler had a future.

They were also initially very profitable, and Chrysler chairman Lee Iacocca credited them with allowing the company to pay off its bankruptcy loans early.

During the Chrysler bankruptcy proceedings, there was concern among consumer advocate groups that Chrysler's proposed " free and clear " sale of assets to " New Chrysler " would allow the automaker to avoid liability for the oil sludge defect.

Chrysler was already in serious financial trouble back home in America, and were on the brink of bankruptcy.

Irish bankruptcy law has been the subject of significant recent comment, from both government sources and the media, as being in need of reform.

In fall 1976, however, amid the turmoil of New York City's dire fiscal crisis, the free tuition policy was discontinued under pressure from the federal government, the financial community that had a role in rescuing the city from bankruptcy, and New York State, which would take over the funding of CUNY's senior colleges.

Because of the weak international position and its labor policies ( most peasants lived through a subsistence economy ), Pétion's government was perpetually on the brink of bankruptcy.

Following bankruptcy, the VOC was formally dissolved in 1800, and the government of the Netherlands established the Dutch East Indies as a nationalised colony.

However, because of heavy spending from the trust funds, including some wasteful foreign investment activities, the government is now facing virtual bankruptcy.

No longer was the government to rescue unprofitable enterprises that could face bankruptcy.

Any relief beyond this was left to provincial and municipal governments, many of which were either insolvent or on the brink of bankruptcy, and which railed against the inaction of other levels of government.

** Conrail ( Consolidated Rails Corporation ) is formed by the U. S. government, to take control of 13 major Northeast Class-1 railroads that had filed for bankruptcy protection.

Despite the transcontinental success and millions in government subsidies, the Union Pacific faced bankruptcy less than three years after the golden spike as details surfaced about overcharges Crédit Mobilier had billed Union Pacific for the formal building of the railroad.

In 2008, Lehman filed for bankruptcy, Bear Stearns was bought up by JP Morgan Chase with blessing by the U. S. government, and Merrill Lynch was bought up by Bank of America.

She was criticised for the lavish display of luxury in her various estates, although her rich family of financiers in many instances gave money to the government and saved the monarchy from bankruptcy.

Dwindling profits and surging cost of production have made small villages economy in Bolivia extremely venerable and unstable ; as a result, unemployment rate sours and small business is on the verge of bankruptcy, which in return made government intervention very inefficient and deferred many governmental initiatives and attempts to improve the condition.

Korea was on the verge of bankruptcy ; the government was not able to pay its debts, particularly to its military.

Some counter examples do exist where a government has defaulted on its domestic currency debt, such as Russia in 1998 ( the " ruble crisis "), though this is very rare ( see national bankruptcy ).

Currently, Yucca Valley faces threats of bankruptcy and a high deficit threatens to disincorporate the town government.

By 1936, the inability of the city's government to collect taxes, combined with the unwillingness of the residents to pay them, resulted in bankruptcy.

After negotiations under supervision of the Italian government Alitalia filed for bankruptcy in August 2008.

The Italian government and the bankruptcy administrator agreed to the CAI takeover offer on 19 November 2008.

The ubiquitous black market and rampant smuggling supplied the needs of the people, while the central government slid slowly into bankruptcy.

Each district has its own United States district court ( with a bankruptcy court under its authority ), including judges, clerks, court reporters, and other support personnel, all employed by the judicial branch of the government and overseen by the Administrative Office of the Courts in Washington, D. C.

* August 16: Repayments on government loans stop, and the French government effectively declares bankruptcy

The judicial power extends to cases arising under the Constitution, an Act of Congress ; a U. S. treaty ; cases affecting ambassadors, ministers and consuls of foreign countries in the U. S .; cases and controversies to which the federal government is a party ; controversies between states ( or their citizens ) and foreign nations ( or their citizens or subjects ); and bankruptcy cases ( collectively “ federal-question jurisdiction ”).

Though these municipal corporations are often regulated and sometimes financed by the state government, and often can collect taxes, they are arms-length, non-sovereign, devolved public entities, and a State government which charters them is not legally responsible for their debts in the event of a municipal bankruptcy.