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I wasn't aware of this. You're saying that the bankruptcy essentially created a new company, with the original stockholders left with dangling pointers to essen
by CWuestefeld 16y ago
I wasn't aware of this. You're saying that the bankruptcy essentially created a new company, with the original stockholders left with dangling pointers to essentially nothing but a prayer that the new company might give them something?
- yummyfajitas 16y agoI believe that's the general gist of it, though I freely admit I don't know a lot about it. I'd be very happy to defer to someone who knows more about it. http://en.wikipedia.org/wiki/General_Motors_Chapter_11_reorganization http://en.wikipedia.org/wiki/General_Motors_Chapter_11_reorg...