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Kentucky

: Kentucky Law Blog

NEWS: GM may repay loans, but what about the injured?

By Michael Stevens

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What's wrong with this picture?  The new GM promises repayment of loans.  However, all those injured claimants will probably get nada, zero, nothing.

GM chief says company will make money, repay loans

CEO: The new General Motors will be far faster and more responsive to customers than the old one, and it will make money and repay government loans faster than required.



A bankruptcy judge has ruled that General Motors Corp. can sell the bulk of its assets to a new company, potentially clearing the way for the automaker to quickly emerge from bankruptcy protection.



Full post as published by Kentucky Law Blog on July 10, 2009 (boomark / email).

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