So apparently, Congress has gone to a few financial experts to get advice on the viability of a pre-arranged Chapter 11 bankruptcy. Ford and GM are starting to warm up to this approach. GM's biggest worry is the belief that nobody will buy from a bankrupt company.
My question is to the 300+ board members who have already put money down on a Camaro..... Would you cancel your purchase if GM goes pre-arranged chapter 11? I sure as heck wouldn't.
http://www.bloomberg.com/apps/news?p...1v8&refer=home