GM- USA most egregious bankruptcies – #4

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general-motors-4-us-top-8-most-egregious-bankruptcies


For fiscal year 2007, General Motors, accumulated losses of US$38.7 billion, as sales dropped 45%.

Immediately after the Chapter 11 filling, the leases on 7 corporate jets were voided…

GM received $33 billion in debtor-in-possession financing.
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