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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Wyätt Gwyön who wrote (43329)10/12/2005 12:12:42 PM
From: carranza2  Read Replies (1) of 110194
 
A BK proceeding doesn't have to result in a liquidation, and most corporate BKs don't. They get somehow worked out, as you noted, short of liquidation.

But a BK proceeding in which a work out of GM's debt and other liabilities takes place is definitely possible and perhaps inevitable. This assumption might provide the basis for K's thinking but who knows what the details of such thinking might actually be.
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