And there'll likely be a four- to six-week interval between the initial filing and an actual hearing. Then the judge has a 30-day window to render a decision. It could be well into the spring.
More Quotes from Paul Krell:
The suggestion that we have an outline of an agreement to review with you is unfortunately, just not true.Paul Krell
I can't tell you today what those packages will be. That's going to be subject to discussion.
Paul Krell
Steve Miller has been very vocal, very blunt in saying he believes the days when industrial workers in America can have a middle-class standard of living are over. We think that's a very arrogant and wrongheaded notion and also a very dangerous view of America's future.
Paul Krell
It is grossly inappropriate and insensitive for Delphi to spend money on expensive Caribbean cruises at the same time it's in bankruptcy court seeking approval of a restructuring plan that would eliminate thousands of jobs in communities across America. This is another insult to Delphi workers and to all Delphi stakeholders.
Paul Krell
All I would say is the talks are constructive and progress has been made. But I'm not going to speculate on how close an agreement is. In my experience in talks like these, close and near are awfully subjective terms.
Paul Krell
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