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?
by 
jin jang
ANSWERS: 1
-
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.
RELATED QUESTIONS
Copyright 2023, Wired Ivy, LLC