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