Bailing out GM is bad, BAD
BAD.
Gm need to
Reorganize stop the bleeding of $$$$$$$$$$$$$$$$$$$$$$$$$.$$
GM shod renegotiate the Contract with UAW on health care and retirement plans, as well As if Gm needs to slow Down a plant, As for bank loans banks are loaning, If you Qualify for the loan, we Sold two homes this week and the bank is making the loans, To the costumers for land and homes, But you need %20 down no more $ 0 down.
Chapter 11, Title 11, United States Code
Chapter 11 is a chapter of the United States Bankruptcy Code, which permits reorganization under the bankruptcy laws of the United States. Chapter 11 bankruptcy is available to any business, whether organized as a corporation or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, while Chapter 13 provides a reorganization process for the majority of private individuals with unsecured debts of less than $336,900.00 and secured debts of less than $1,010,650.00 as of April 1, 2007.