Judge moves swiftly on General Motors bankruptcy

06/2/2009 | Bloomberg · Times (London) (subscription required), The

In its first day under Chapter 11 protection, General Motors got the go-ahead from U.S. Bankruptcy Judge Robert Gerber to start working toward auctioning off its assets. The judge also gave the company permission to borrow $15 billion from a planned $33.3 billion bankruptcy loan.

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Bloomberg · Times (London) (subscription required), The

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