GM Seeks More Time To Work On Ch. 11 Plan

Law360, New York (September 8, 2009, 12:43 PM EDT) -- Citing the historic complexity and size of General Motors Corp.’s reorganization, the sputtering auto giant has asked the bankruptcy court to extend the due date to file a Chapter 11 plan.

The automaker, renamed Motors Liquidation Co. in bankruptcy, on Thursday urged Judge Robert E. Gerber of the U.S. Bankruptcy Court for the Southern District of New York to extend the exclusive period for the company to submit a plan of reorganization, stressing the administrative challenges of carrying out one of the most massive bankruptcies on...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.