Collier Author Daniel M. Glosband Discusses the GM Bankruptcy Plan and the Limits of the 363 Sale

Collier Author Daniel M. Glosband Discusses the GM Bankruptcy Plan and the Limits of the 363 Sale

Prolific Collier author Daniel M. Glosband spoke recently with the Wall Street Journal Deal Journal blog about General Motor’s preferred plan for a speedy bankruptcy by splitting GM into two parts: a “good GM” containing valuable brands like Chevrolet and Cadillac and a “bad GM” containing ailing brands like Saturn and Hummer and labor obligations that would be sold via bankruptcy court.  In the April 13 post, “General Motors and the Limits of a Bankruptcy Sale,” Daniel Glosband answers questions regarding the unique use of the 363 sales as a tool to sell GM’s “good brands” to raise funds for paying off its creditors, e.g., unsecured bondholders, UAW healthcare and retiree obligations, etc.
 
To read the article, click here.
 
Daniel M. Glosband is a general editor and author for the Collier International Business Insolvency Guide. He also authors several chapters on the cross-border insolvency provisions of the Bankruptcy Code for Collier on Bankruptcy, 15th Ed. Revised and the Collier Bankruptcy Practice Guide and emerging issues commentaries. In addition, he was the reviewing editor for the recently published Collier Monograph: Ancillary and Other Cross-Border Insolvency Cases Under Chapter 15 of the Bankruptcy Code.
 

For a free download of Daniel M. Glosband’s expert commentary on the In re Manhattan Investment Fund Ltd. case, click here.

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