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Bankruptcy

: Bankruptcy Law Network

Credit Default Swaps Could Force General Motors Bankruptcy

By Andy Miofsky, Illinois Bankruptcy Attorney

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GM Investors holding credit default swaps [CDS] may get a better return on their investment if GM files what would be history’s 4th largest bankruptcy.  A credit default swap is a derivative contract between two parties where one party pays the other party a fee and receives a payoff if the specified investment fails.  It [...]

Full post as published by Bankruptcy Law Network on May 28, 2009 (boomark / email).

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