Bankruptcy
Nov. 6, 2013
Dodging a bullet with General Motors
Reopening GM's bankruptcy would have threatened the viability of the reconstituted GM, and initiated a firestorm of litigation throughout the nation. By Jonathan Michaels
Few words can describe the unmitigated disaster that nearly befell our country last month when a New York bankruptcy judge was set to rule on one of the most explosive cases before the judiciary. The ruling could have inflicted untold damage on our fragile economy, sending scores of citizens into the financial abyss, and disrupting business relationships central to our continued viability. Yet, by the narrowest of chances, the matter settled ...
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