TROY, Mich. — Various media reports today indicate that Delphi may finally be close to emerging from Chapter 11, after four years under bankruptcy protection and numerous false starts to its restructuring process. 
A bankruptcy judge has agreed to delay until Tuesday a pivotal hearing in Delphi’s bankruptcy proceedings, while the Obama Administration’s Automotive Task Force works to complete a deal with General Motors (Delphi’s former parent company) and its creditors.
The Task Force is reportedly encouraging the sale of certain Delphi assets to either another parts supplier or an investment firm. A deal may be reached as soon as this weekend that would help Delphi avoid wholesale liquidation and pave the way for its emergence from bankruptcy.
