Well the type of Bankruptcy GM (or the government) will choose allows them to pick who to pay and who to stiff. What I understand to be there best choice would basically be to cut GM in half. On one side you would have the GOOD GM, and on the other side the BAD GM. On the good side you would have Corvette, Camaro, Cadillac, and Malibu to name a few. On the bad side is the likes of Hummer, Saturn, and any other part of the company that is not profitable. So the bad part gets sold, liquidated, and whatever it takes to pay as much to the people they owe. (As well as giving stocks of the new “good GM”) So what you end up with is a lean mean car producing machine (sorry for that
). So I think that kind of explains how a bankruptcy can be good for a company.
