Chapter 11 is allowing Chrysler, GM to shed hundreds of injury and death claims

The Detroit News reports:

The new Chrysler can't be held liable for incidents involving the estimated 10 million cars and trucks sold by the automaker before June 10, when the company emerged from bankruptcy. Victims and their survivors with pending and future lawsuits against the old Chrysler are in the least protected class of creditors, and are likely to get nothing.

The same rules could apply to General Motors' estimated 30 million vehicles already on the road when it emerges from bankruptcy, perhaps in July.

On Friday, attorneys general from eight states opposed the provision in GM's bankruptcy plan. They filed an objection in U.S. Bankruptcy Court in the Southern District of New York.

An article well worth your time.