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re: GM Commercial
Posted on 4/25/10 at 5:37 pm to LSURussian
Posted on 4/25/10 at 5:37 pm to LSURussian
I mean, they did declare bankruptcy. Unmolested, no, but they did declare bankruptcy.
1
Posted on 4/25/10 at 5:48 pm to kfizzle85
quote:Yes, they did but it wasn't a 'real' bankruptcy where debts either get wiped out or heavily reduced. It was a pre-packaged bankruptcy....or whatever the term was they used at the time.
I mean, they did declare bankruptcy.
GM's financial obligations to the UAW were left basically untouched, as I recall. If you know differently, I'd like to hear it.
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