Repper

Bust-Up, Not Bailout

Those advocating Chapter 11 don't realize the reality of the situation. Buying a car is a huge investment for people. They won't buy one from a company that they fear may not come out of bacruptcy, which will then lead to the ultimate failure of the company(s) for complete lack of sales. An airline can continue as normal under Chapter 11 because they're only selling a $200-$1000 SERVICE that is not a long-term investment for a consumer. Not the case for cars.


On Nov 12 12:00 PM kotika98 wrote:

> also, dont forget, bankruptcy does not mean closing the doors forever.
> At least it didnt have to mean that, if they did it a year or two
> ago. Most likely GM would continue like before the next day after
> bankruptcy, only that their pension, healthcare and other obligations
> would be wiped out allowing for a fresh start.