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GM will be Obama's Vietnam and it is him to lose! [Copy link] 中文

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Post time 2009-6-3 19:56:21 |Display all floors
World War III already started with Obama charging ahead with GM to the rescue

and the German BMW, Benz, VW and Smart car and the japanese Toyoto, Honda and Nissan
along with Italian Fiat are edging to win this war.

It is Obama's Vietnam War and fighting against the well-trained, disciplined Jap, German,
and italian and no way GM can come on top !

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Post time 2009-6-3 20:33:39 |Display all floors
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Gold Medal

Post time 2009-6-3 21:16:44 |Display all floors
Originally posted by Kbay at 2009-6-3 22:04
I don't understand this Chapter 11 gimmick!



Chapter 11 - Just look over here:

http://www.uscourts.gov/bankrupt ... chapter11.html#work


Unique to the U.S. but.....

It also exists in Canada, not the same but similar to the U.S. - I believe it is called CCAA  or  Canada's Companies Creditors Arrangement Act.

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Post time 2009-6-3 21:22:20 |Display all floors

if you're broke nobody's can really sue you...

Originally posted by Kbay at 2009-6-3 08:04
I don't understand this Chapter 11 gimmick!
How can a company declare bankruptcy; the investors lose their pants, yet the company keeps trading as though nothing has happened?
A new company is th ...


it's clever to declare bankruptcy (no longer on wallstreet listing) so that no ones can really go after you...dont you go out now & max it out all your creditcards & declare your personal bankruptcy (i didnt ask you 2 do that, OK...are we krystal klear on this)  

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