Quote:
Originally Posted by TheSpungos
It would/will likely be a reorganization bankruptcy (Chap 13), not a liquidation (Chap 11) so there may not be a ton of assets hitting the market. There will be some older, less efficient plants etc. that would get cleaned out, but the bulk of the changes would be restructuring the debt load, workforce, etc.
If the gov't goes through with the "structured bankruptcy" plan they're talking about now, I wouldn't be surprised if you saw some forced brand consolidation as well. Pontiac for sure, and maybe Buick as well.
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Agreed. I think you've got your terminology mixed up though - Chapter 11 is a reorganization; Chapter 7 is a straight liquidation through a Section 363 sale.
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