Aack! The Feds didn't get subordinatation agreements!
""They are negotiating to see if they can reach an agreement," said Workman, a bankruptcy lawyer based in Washington. "If not, they are saying ÂWe are pretty darn sure that a bankruptcy judge will allow usÂ" to be first in line for repayment."
Yeah, famous last words. Sheesh.
Here is a link that might be useful: Auto Makers, BK, & DIP Financing...