Ask a Question
or
Create a Poll
  1. Home /
  2. Questions /
  3. Business
  4. / Business (General)

by jin jang on May 27th, 2009

jin jang

Question

Help answer this question below.

SInce GM is on the brink of bankruptcy the government will own about 70% by buying up some the debt.In order to not loose more money should the government shut down GM ,or dissolve GM as a company?

  • Like
  • Report
Share:
Other

Answers. Showing one answer.

  • by Jim in a Nautilus COAT on May 27th, 2009

    Jim in a Nautilus COAT

    It is rare that disolving a business is the best option for recovery of funds. Such a move never results in creditors recovering their full investment. Most often, they get only a tiny fraction of their investment back. It is much more likely that the bankruptcy will be used to restructure GM and bring it back to life as a more nimble, competitive company. It that happens, there is the substantial possibility that the taxpayers can recover most of their investment and perhaps even some profit.

    Comments

    No comments. Post one | Permalink

Want to attach an image to your answer? Click here.

Did this answer your question? If not, then ask a new question or create a poll.

More Questions. Additional questions in this category.

You're reading SInce GM is on the brink of bankruptcy the government will own about 70% by buying up some the debt.In order to not loose more money should the government shut down GM ,or dissolve GM as a company?

Follow us on Facebook!

Related Ads

Related Questions

Professionally Researched

Answerbag

a Demand Media company