• Reuters
If the plan goes through, the new GM would be expected to assume some previous creditor debt from bankruptcy proceedings, such as secured debt, said the second source, adding that GM bondholders were likely to lose substantial value in bankruptcy.
2 Comments in Response to GM in "intense" preparations for bankruptcy
That would indicate a future for a company beyond bankruptcy. Odd. Why didn't GWB or BHO, our great and wonderful leaders, think of that?
about damn time.