General Motors Chapter 11 reorganization
The 2009 General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through Chapter 11, Title 11, United States Code in the United States bankruptcy court for the Southern District of New York. The United States government-endorsed sale enabled the NGMCO Inc. ("New GM") to purchase the continuing operational assets of the old GM. Normal operations, including employee compensation, warranties, and other customer services were uninterrupted during the bankruptcy proceedings. Operations outside of the United States were not included in the court filing.
| Date | 2009
|
||
| Location | U.S.
|
||
| Cause | |||
| Motive | |||
| Organised by | |||
| Verdict | Sale of General Motors subsidiaries and assets
|
Contributors
No records found.More...
This page is the FamousFix profile for General Motors Chapter 11 reorganization. Content on this page is contributed by editors who belong to our editorial community. We welcome your contributions... so please create an account if you would like to collaborate with other editor's in helping to shape this website.
On the General Motors Chapter 11 reorganization page you will be able to add and update factual information, post media and connect this topic to other topics on the website. This website does skew towards famous actors, musicians, models and sports stars, however we would like to expand that to include many other interesting topics.