Tag Archives : restructuring

General Motors, the largest car maker of the United States is expected to file for a bankruptcy case by June 1 st, 2009. General Motors case as experts suggest would be the country’s biggest bankruptcy case, much bigger than the Lehman Brothers or Chrysler case. Surely, it will put a lot of lawyers to work. It would be a case that will gather lots [...]

The two former US automaker giants General Motors and Chrysler are facing a choice between submitting a viable plan of action or filing for controlled bankruptcy. A declaration of bankruptcy is the fastest method for restructuring, according to US President Barack Obama, as much as it is a ‘legal tool to end the debate.’ General Motors will have [...]