Did general motors really go bankrupt?
General Motors has not yet declared bankruptcy, but it appears that the company will enter bankruptcy proceedings on June 1, 2009.
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About General Motors Bankrupt
One of America's largest car producers, General Motors, filed for Chapter 11 bankruptcy protection on June 1, 2009 and promptly began reorganizing the company as a whole in hopes to protect it from further debt.
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About Bankruptcy
Bankruptcy is a legal declaration of the inability of a person to pay its creditors.
About General Motors
GM (short for General Motors) is an American multinational automaker that is stationed in Detroit, Michigan. As of 2010, It is the worlds second largest automobile manufacturer. The General Motors family consists of: Buick, Cadillac, Chevrolet, GMC, Opel, Vauxhall and Holden. GM produces cars and trucks in 31 countries.
Related Questions about General Motors Bankrupt
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Why did General Motors go bankrupt?
There are a variety of reasons why General Motors went bankru...
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Is General Motors going bankrupt?
GM has made a plea for a financial bailout. They have to pres...
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When did general motors get out of bankrupt?
General Motors pulled out of its bankruptcy status during the...
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No, GM is not bankrupt at this time. ChaCha on!
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Who owns General Motors after they went bankrupt?
The current shareholders still own GM. However as a part of t...
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