GM Would Sell Assets, Liquidate Others In Bankruptcy
- MAY 14, 2009, 6:42 P.M. ET
UPDATE: GM Would Sell Assets, Liquidate Others In Bankruptcy
- DOW JONES NEWSWIRES
General Motors Corp. (GM) said if it were to file for bankruptcy relief, it would likely sell assets to a new operating company and liquidate its remaining assets.
The company detailed its potential plan, called a 363 sale, in a Securities and Exchange Commission filing Thursday, ahead of a June 1