Creditors objecting to Chrysler LLC's efforts to speed the company's move through bankruptcy won a delay in a key hearing today, and a lawyer said some had received death threats. The major proposal on tap for today was winning approval of the company's plan to establish bidding procedures -- in an effort to quickly allow the "good" assets of Chrysler to be auctioned off so the company can quickly emerge from bankruptcy.
But Chrysler filed that request on Saturday -- not Friday -- so U.S. Bankruptcy Judge Arthur Gonzales agreed to delay that hearing until 2:30 p.m. on Tuesday.
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