100,000-plus Hoosier jobs turn on quick deals for automakers' bankruptcies

Marty Schladen, The Journal Gazette

mschladen@jg.net

More than 1 million U.S. jobs - and more than 100,000 in Indiana - are riding on whether the bankruptcies of Chrysler LLC and General Motors Corp. are quick and orderly, according to a prominent research center's study.

But if Indiana Treasurer Richard Mourdock is successful in stopping the proposed sale of Chrysler - in which state bondholders would take a $6 million loss - it could drag out that bankruptcy and convince some GM bondholders to do likewise, experts said.

However, they said, the challenge to the deal is likely to fail.