Proof-Reading.com Scholarship Program

The Proof-Reading.com Scholarship Program awards one $1,500 scholarship each year. This year's winner will be announced on July 1, 2010. To be eligible to enter the Proof-Reading.com Scholarship Program, you must adhere to the following characteristics:

• attend classes at an accredited four-year college or university in the U.S.
• take a minimum of 12 semester units (you must be a full-time student)
• be a legal resident of the U.S. or provide a valid green card
• maintain a cumulative Grade Point Average (GPA) of at least 3.5

• The deadline for Proof-Reading.com Scholarship Contest entries is 12:00 p.m. (noon) PST on June 1, 2010.
• No late entries will be accepted!
• Please direct all questions concerning scholarships to scholarships@proof-reading.com.
• Regrettably, no scholarship or essay contest questions can be answered by phone.

Scholarship Guidelines:

You must write a minimum of 1,500 words in reference to the information presented below. There is no maximum word count. We will focus on grammar and your ability to present ideas clearly. Include a Works Cited page, with a minimum of three sources. The essay must follow the Modern Language Association (MLA) system for documenting sources, which is set forth in the  MLA Handbook for Writers of Research Papers, 7th edition (New York: MLA, 2009). Submit your essay, using the form below. Do not send your transcript unless it is requested.

In the first six months of 2009, Chrysler and General Motors both filed for Chapter 11 bankruptcy and exited it within 60 days using a mechanism called the '363 sale.' For two large companies of Chrysler and General Motors' size to achieve such a quick turnaround in bankruptcy court is unprecedented.

Based on the information given above and information gleaned from outside sources, respond to one of the following essay prompts:

1. What lessons should GM and Chrysler learn and apply from the post-bankruptcy experiences (both successes and failures) of other corporations in order to maximize their probability of success going forward?
2. Was the 363 sale provision afforded by bankruptcy law properly applied in these cases? Why or why not?

Good Luck!

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