The 2009 General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through Chapter 11, Title 11, United States Code in the United States bankruptcy court for the Southern District of New York.

Oct 30, 2013 · On June 1, 2009 General Motors filed for bankruptcy in New York, with $82 billion in assets and $173 billion in liabilities. It was the largest industrial bankruptcy in history.

Jun 1, 2023 · Chief executive Rick Wagoner led the auto delegation in Washington seeking government funding to save the industry and keep GM out of bankruptcy. Five years later, after an unprecedented government equity investment, GM is thriving and the Treasury plans to sell its remaining stake in the coming months.

Twenty personal injury claimants have lost a bid to file late proofs of claim in General Motors Corp.'s bankruptcy, after a New York bankruptcy judge found they did not show "excusable neglect" for their years-long delays in asserting their claims.

Jun 1, 2009 · General Motors filed for bankruptcy protection early Monday, a move once viewed as unthinkable that became inevitable after years of losses and market share declines capped by a dramatic...

Dec 10, 2013 · June 1, 2009. GM files for bankruptcy reorganization. In bankruptcy, it cuts costs and sheds such well-known brands as Saturn, Hummer and Saab.

Oct 10, 2024 · From 1908 through 2009, General Motors Corporation was an auto-manufacturer based in Detroit, MI. On June 1, 2009 Old GM filed for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for …

Oct 20, 2018 · Before its 2009 bankruptcy, GM was known for internal conflict, but the company is now a model of cooperation. General Motors' president, Dan Ammann, is a bundle of reconciled contradictions.

Jun 15, 2009 · What happened next was both pivotal in shaping the auto industry for much of the 20th century, and in the face of GM's bankruptcy announced recently, terribly ironic. Beginning in the mid 1920s, GM staged an astounding victory against Ford Motor Company.

Nov 2, 2013 · Forbes has a story from Jay Alix, the mastermind behind the innovative bankruptcy plan that ended up scooting GM through bankruptcy in a mere 40 days and likely saved the company from...