? Understand the strengths and weaknesses of Delphi and the auto industry at the onset of the credit crisis of 2007-09. ? Understand the principles of bankruptcy and the process of a Chapter 11 and Chapter 7 bankruptcy, including DIP financing and the plan of reorganization (POR) ? Critically evaluate the POR and the incentives of the various claimants as to whether they are likely to vote to accept it. ? Illustrate the impact of the firm's valuation on the POR.