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Old 06-01-2009, 02:24 PM   #74
Seawolf
 
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Join Date: May 2009
Location: Knoxville, TN
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Quote:
Originally Posted by bballr4567 View Post
A study recently said that almost 95% of companies that go into bankruptcy protection completely fail in the next five years.

Going to be an interesting year.
I used to work for Kmart back in the day. They filed for bankruptcy in 2002 and are still around after 7 years...even despite the always present juggernaut that is Wal-Mart.

On an interesting note, at least for me, the man who led Kmart through their bankruptcy proceedings, Albert Koch, is supposed to help GM do the same.

GM will be fine, I'm sure.
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