Delphi 2009

Gebe Dir völlig recht. Eine Bilanz ist nur Augenwischerei. Hier gibt es einen legitimen Spielraum für die Unternehmen, je nachdem welchem Zweck die Bilanz dienen soll wird sie entsprechend dahingehend ausgerichtet.

Alle Zenarien auf Basis von Bilanzdaten können zwar theoretisch richtig sein, nur spiegeln sie nicht die Realität des Unternehmens wieder. Selbst mit einer professionellen Bilanzanalyse lässt sich nur schwer erkennen wie es um die Substanz eines Unternehmens bestellt ist. Es kann also nur ein hinreichender - und keine ausreichender Ausblick auf die momentane - und zukünftige Situation eines Unternehmens vorgenommen werden. Wenn, dann ist das auch nur im Vergleich mit anderen Unternehmen gleicher Branche und Grösse möglich. Hier in unserem Fall wäre das z. B. YAZAKI. Hinzu kommt, dass es bislang nur (soweit ich mich erinnern kann) Zahlen vom Ende des Geschäftsjahres 2008 gibt und das ist lange lange her.  Insofern kann in der Zwischenzeit viel passiert sein.

Allerdings wurde die Bilanz von Delphi nach US amerkanischen Vorschriften der Rechnungslegung (US GAAP) erstellt und das auch noch richterlich überwacht (Chapter 11), insofern kann der Wahrheitsgehalt einer solchen ein ganz anderer sein. Hier kenne ich mich leider überhaupt nicht aus.

Lange Rede kurzer Sinn, der endgültige richterliche Beschluss fehlt oder wir haben den Beschluss einfach noch nicht gefunden.

Darüberhinaus wäre es gut zu wissen, ob ein Unternehmen verpflichtet ist, die Aktionäre über die verbundenen Institute zu informieren.

Vielleicht hat einer von Euch hier Erfahrungen? Ich konnte das bisher nicht herausfinden.

Ausserdem, habe ich immernoch die Info von meiner Bank, dass ich Ansprüche gegen das Unternehmen geltend mache könne. Auch dazu fehlt mir jede Erfahrung.

Wie geht man in solchen Fällen vor?

Einen anderen Weg, überhaupt einen kleinen Teil unseres Geldes zurückzubekommen, sehe ich leider nicht mehr.

Also dann, ich warte auf Anworten.

Gruss
Xusal

Ja wie die kleinen Kinder! Bloss die Mutti kam nicht (lach)
Ja mein Aktienberater(cortalconsors) meinte das der Rest an die Aktionäre geht (falls es ein Rest gibt)
kann aber lange dauern (bei anderen Werten die er da kennt hat es schon bis zu 5 Jahren gedauert bis Geld kam)

@Bunt-Specht:
Sehr geehrte Kundin, sehr geehrter Kunde,
die DELPHI CORP. hat am 25.01.2008 aufgrund Zahlungsschwierigkeiten Insolvenz (Chapter 11)
beantragt.
In diesem Zusammenhang besteht die Möglichkeit, Ansprüche gegen die Gesellschaft geltend zu
machen.
Nähere Informationen sind unter folgende Adresse erhältlich:
SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
155 North Wacker Drive
Chicago, Illinois 60606
Tel. (312) 407-0700
John Wm. Butler, Jr.
John K. Lyons
Ron E. Meisler
Weitere Details entnehmen Sie bitte der Veröffentlichung, die wir Ihnen in Ihrem OnlineArchiv unter
OnlineArchiv nicht möglich sein, können Sie die Unterlagen gerne bei Ihrem persönlichen
Betreuungsteam anfordern.
Bei den hier übermittelten Informationen handelt es sich um solche, die wir im Rahmen der
allgemeinen Informationspflichten gemäß Ziffer 16 der "Sonderbedingungen für den Handel in
Finanzinstrumente" an Sie weitergeben. Richtigkeit und Vollständigkeit der Informationen werden von
Cortal Consors nicht geprüft. Cortal Consors haftet als Kommissionärin nicht für die Höhe oder die
Erfüllung des Angebotes.
Mit freundlichen Grüßen

transactions contemplated by the Master Disposition Agreement and related agreements to occur at the
closing are effective for tax and accounting purposes as of 11:58 p.m., local time, on the Closing Date as
defined in the Master Disposition Agreement.
4. Discharge Of Claims And Termination Of Interests. Pursuant to section 1141(d) of
the Bankruptcy Code, except as otherwise specifically provided in the Modified Plan, Confirmation
Order, or Modification Approval Order, the distributions and rights that are provided in the Modified Plan
shall be in complete satisfaction, discharge, and release, effective as of the Effective Date, of Claims and
Causes of Action, whether known or unknown, against, liabilities of, liens on, obligations of, rights
against, and Interests in the Debtors or any of their assets or properties, regardless of whether any
property shall have been distributed or retained pursuant to the Modified Plan on account of such Claims,
rights, and Interests, including, but not limited to, Claims and Interests that arose before the Effective
Date, and all debts of the kind specified in sections 502(g), 502(h), or 502(i) of the Bankruptcy Code, in
each case whether or not (a) a proof of claim or interest based upon such Claim, debt, right, or Interest is
filed or deemed filed under section 501 of the Bankruptcy Code, (b) a Claim or Interest based upon such
Claim, debt, right, or Interest is allowed under section 502 of the Bankruptcy Code, or (c) the holder of
such a Claim, right, or Interest accepted the Modified Plan. Due to the occurrence of the Effective Date,
the Modification Approval Order shall be a judicial determination of the discharge of all Claims against
and Interests in the Debtors.
5. Injunctions.
(a) Subject to Article 11.13 of the Modified Plan, the satisfaction, release, and
discharge pursuant to Article XI of the Modified Plan shall act as an injunction against any Person
commencing or continuing any action, employment of process, or act to collect, offset, or recover any
Claim, Interest, or Cause of Action satisfied, released, or discharged under the Modified Plan to the fullest
extent authorized or provided by the Bankruptcy Code, including, without limitation, to the extent
provided for or authorized by sections 524 and 1141 thereof.
(b) By accepting distributions pursuant to the Modified Plan, each Holder of an
Allowed Claim shall be deemed to have specifically consented to the injunctions set forth in Article XI of
the Modified Plan.
6. Release By Debtors Of Certain Parties. Pursuant to section 1123(b)(3) of the
Bankruptcy Code, but subject to Article 11.13 of the Modified Plan, effective as of the Effective Date,
each Debtor, in its individual capacity and as a debtor-in-possession for and on behalf of its Estate, shall
release and discharge and be deemed to have conclusively, absolutely, unconditionally, irrevocably, and
forever released and discharged all Released Parties for and from any and all claims or Causes of Action
3
existing as of the Effective Date in any manner arising from, based on, or relating to, in whole or in part,
the Debtors, the subject matter of, or the transactions or events giving rise to, any Claim or Interest that is
treated in the Modified Plan, the business or contractual arrangements between any Debtor and any
Released Party, the restructuring of Claims and Interests prior to or in the Chapter 11 Cases, or any act,
omission, occurrence, or event in any manner related to any such Claims, Interests, restructuring, or the
Chapter 11 Cases. The Reorganized Debtors, including Reorganized DPH Holdings, and any newlyformed
entities that will be continuing the Debtors' businesses after the Effective Date, shall be bound, to
the same extent the Debtors are bound, by the releases and discharges set forth above. Notwithstanding
the foregoing, nothing in the Modified Plan shall be deemed to release (i) any of the Debtors or GM from
their obligations under the Delphi-GM Definitive Documents or the transactions contemplated thereby,
except to the extent set forth in the Master Disposition Agreement, (ii) any of the Debtors, the Unions, or
GM from their obligations under the Union Settlement Agreements or the transactions contemplated
thereby, (iii) any of the Buyers from their obligations under the Master Disposition Agreement, or (iii)
any of the Debtors or the Plan Investors or their affiliates from their obligations under the Investment
Agreement or the transactions contemplated thereby.
7. Release By Holders Of Claims And Interests. On the Effective Date, (a) each Person
who votes to accept the Modified Plan and (b) to the fullest extent permissible under applicable law, as
such law may be extended or interpreted subsequent to the Effective Date, each entity (other than a
Debtor) which has held, holds, or may hold a Claim against or Interest in the Debtors, in consideration for
the obligations of the Debtors and the Reorganized Debtors under the Modified Plan and Cash, General
Unsecured MDA Distribution, and other contracts, instruments, releases, agreements, or documents to be
delivered in connection with the Modified Plan (each, a "Release Obligor"), shall have conclusively,
absolutely, unconditionally, irrevocably, and forever released and discharged all Released Parties for and
from any claim or Cause of Action existing as of the Effective Date in any manner arising from, based on,
or relating to, in whole or in part, the Debtors, the subject matter of, or the transaction or event giving rise
to, the claim of such Release Obligor, the business or contractual arrangements between any Debtor and
Release Obligor or any Released Party, the restructuring of the claim prior to the Chapter 11 Cases, or any
act, omission, occurrence, or event in any manner related to such subject matter, transaction, obligation,
restructuring, or the Chapter 11 Cases, including, but not limited to, any claim relating to, or arising out of
the Debtors' Chapter 11 Cases, the negotiation and filing of the Modified Plan, the filing of the Chapter
11 Cases, the formulation, preparation, negotiation, dissemination, filing, implementation, administration,
confirmation, or consummation of the Modified Plan, the Disclosure Statement, the Plan Exhibits, the
Delphi-PBGC Settlement Agreement, the Credit Bid, the Master Disposition Agreement, the Union
Settlement Agreements, any employee benefit plan, instrument, release, or other agreement or document
created, modified, amended or entered into in connection with either the Modified Plan or any other
agreement with the Unions, including but not limited to the Union Settlement Agreements, or any other
act taken or not taken consistent with the Union Settlement Agreements in connection with the Chapter 11
Cases; provided, however, that (A) Article 11.5 of the Modified Plan is subject to and limited by Article
11.13 of the Modified Plan and (B) 11.5 of the Modified Plan shall not release any Released Party from
any Cause of Action held by a governmental entity existing as of the Effective Date based on (i) the
Internal Revenue Code or other domestic state, city, or municipal tax code, (ii) the environmental laws of
the United States or any domestic state, city, or municipality, (iii) any criminal laws of the United States
or any domestic state, city, or municipality, (iv) the Exchange Act, the Securities Act, or other securities
laws of the United States or any domestic state, city, or municipality, (v) the Employee Retirement
Income Security Act of 1974, as amended, or (vi) the laws and regulations of the Bureau of Customs and
Border Protection of the United States Department of Homeland Security. Notwithstanding the
foregoing, all releases given by GM to (i) the Debtors and the Debtors' Affiliates shall be as set forth in

assumptions and assignments contemplated by the Modified Plan, the Modification Approval Order, the
Master Disposition Agreement, and related documents pursuant to sections 365 and 1123 of the
Bankruptcy Code as of the Effective Date.
9. Bar Dates
(a) Administrative Bar Date. Requests for payment of an Administrative Claim
(other than as set forth in Article X of the Modified Plan), must be filed with the Claims Agent and served
on counsel for the Debtors and the Creditors' Committee no later than November 5, 2009 or shall be
disallowed automatically without the need for any objection from the Debtors or Reorganized Debtors.
Unless the Debtors or the Reorganized Debtors object to an Administrative Claim on or prior to May 4,
2010 (unless such objection period is extended by the Bankruptcy Court), such Administrative Claim
shall be deemed allowed in the amount requested. In the event that the Debtors or the Reorganized
Debtors object to an Administrative Claim, the Bankruptcy Court shall determine the allowed amount of
such Administrative Claim.
(b) Professional Claims And Final Fee Applications. All final requests for
payment of Professional Claims and requests for reimbursement of expenses of members of the Statutory
Committees must be filed no later than December 31, 2009. After notice and a hearing in accordance
with the procedures established by the Bankruptcy Code and prior orders of the Bankruptcy Court, the
allowed amounts of such Professional Claims and expenses shall be determined by the Bankruptcy Court.
Pursuant to the Bankruptcy Court's prior orders, any requirement that Professionals comply with sections
327 through 331 of the Bankruptcy Code in seeking retention or compensation for services rendered
terminated on the Confirmation Date, and the Reorganized Debtors have employed and paid Professionals
in the ordinary course of business thereafter.
(c) Substantial Contribution Bar Date. Except as otherwise provided in the
Modification Approval Order, any Person who requests compensation or expense reimbursement for
making a substantial contribution in the Chapter 11 Cases pursuant to sections 503(b)(3), (4), and (5) of
the Bankruptcy Code shall file an application with the clerk of the Bankruptcy Court on or before
November 20, 2009, and serve such application on counsel for the Debtors, the Creditors' Committee, the
United States Trustee for the Southern District of New York, and such other parties as may be decided by
the Bankruptcy Court and the Bankruptcy Code on or before November 20, 2009, or be forever barred
from seeking such compensation or expense reimbursement.