Wasn't this how banks, automakers, etc. were liquidated at about the same time in ~2009? Say General Motors simply offloaded all stuff it didn't need into Motor

Wasn't this how banks, automakers, etc. were liquidated at about the same time in ~2009? Say General Motors simply offloaded all stuff it didn't need into Motors Liquidation Co and that one was bankrupted, all good stuff moved in new General Motors.