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Originally Posted by Super83Z
No, no its not. "Bad GM" will go to court and be sold off. "Good GM" will not and will restructure in 30-60 days then reopen. So its not your typical bankruptcy. A typical bankruptcy would have all of it go into court and EVERYTHING sold off.
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Yes they did discuss splitting the company into 2 seperate entities however, I do not believe they will actually be going forward with this. 1 more week before the big deadline and that is certainly not enough time to split the company into two.