Most bankruptcy experts seem to agree that the proposed plan to give the UAW 55% of Chrysler's ownership and Fiat 20%, while neither is a secured creditor, as opposed to giving more senior creditors ( the investors who actually paid for the shares) anything, is a violation of bankruptcy law and the taking clause of the constitution. What happens if and when one of these creditors files suit to prevent the bankruptcy judge from approving Obama's plan It could takes ages to work its way through the courts to the Supreme Court and would undoubtedly result in Chrysler being liquidated.. This is payback to the unions by Obama and should be stopped.