When Will General Motors File Bankruptcy?

While there are many opinions regarding when and if General Motors will file bankruptcy, more and more of those opinions are now asking “when” rather than “if”. According to multiple sources, General Motors’ bankruptcy filing could happen in a matter of days.
Considering that the federal government has given GM a deadline of June 1st to find a suitable solution for all of their creditors and considering that GM’s creditors are far from happy, the writing appears to be on the wall. If the filing for bankruptcy doesn’t occur at the end of this week, it very well could take place …read more