General Motors went to bankruptcy court to begin the process of selling its best assets to a government-backed company that would become the linchpin of its turnaround plan.
Tagged bankruptcies, become-the-linchpin, begin-the-process, best-assets, counted-as-medically, general-motors, motors, policies-leave, subprime mortgage crisis, the-linchpinAmong people counted as medically insured are some whose limited policies leave them at risk of financial ruin.
Tagged bankruptcies, counted-as-medically, medically-insured, obama, barack, people-counted, policies-leave, united states economyTroubled automaker General Motors was set Tuesday to press a bankruptcy judge to approve its plan to leave its debt behind as it sells its preferred assets to a “new GM.”
Tagged approve-its, bankruptcy-judge, debt-behind, general-motors, leave-its, preferred-assets, sells-its, tuesdayGeneral Motors is racing through the early stages of its bankruptcy, in the hope of emerging as a new, independent company by August or early September.
Tagged general-motors, hope, its-bankruptcy, motors, racing-through, the-early, the-hope, through-the-earlyIn today’s depressed environment, Howard Beale’s famous rant in Network –the 1976 movie that took several academy awards against stiff competition ( Rocky, All the President’s Men, and Taxi Driver )–sure reads like something that could have been written today:
Tagged academy-awards, awards, beale, depressed-environment, driver, famous-rant, like-something, president, took-severalEddie Bauer Holdings Inc. filed for Chapter 11 bankruptcy protection Wednesday, citing an inability to pay back debt.
Tagged bauer, chapter, month, since-the-day, the-day, the-first, time-since, wednesdayChrysler announced plans to reopen 7 of its 11 assembly lines later this month for the first time since the day after the company filed for bankruptcy in April.
Tagged announced-plans, assembly-lines, month, since-the-day, the-day, the-first, time-sinceAs Chrysler morphs into a new company and as General Motors moves ahead with its bankruptcy process, injured plaintiffs are getting left behind.
Tagged bankruptcy-process, chrysler, general-motors, injured-plaintiffsSee the original post:
Debt-Laden Six Flags Files Bankruptcy