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Bringing an answer to a message to the top since I was away


Posted: Aug 7, 2013

for a few days. The message I'm answering is this on GM bankruptcy:

http://general.mtstars.com/357609.html

 

On 4/18/2013, the final decree was entered in the closing of the Chapter 11 BANKRUPTCY of "Motors Liquidation Company" et al, a/k/a GENERAL MOTORS CORP. et al.

http://www.motorsliquidationdocket.com/pdflib/18_50030.pdf

General Information

On June 1, 2009, the following entities filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code (the "Initial Debtors"):

  • Motors Liquidation Company (f/k/a General Motors Corporation)
  • MLCS, LLC (f/k/a Saturn, LLC)
  • MLCS Distribution Corporation (f/k/a Saturn Distribution Corporation)
  • MLC of Harlem, Inc. (f/k/a Chevrolet-Saturn of Harlem, Inc.)

On July 5, 2009, an order was entered approving the sale of substantially all of the Initial Debtors' assets to a new and independent company (now known as General Motors Company) under section 363 of the Bankruptcy Code. The sale closed on July 10, 2009.

On October 9, 2009, Remediation and Liability Management Company, Inc. ("REALM") and Environmental Corporate Remediation Company, Inc. ("ENCORE") (the "REALM/ENCORE Debtors") filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code.

On September 16, 2009, the Bar Date Order was entered establishing November 30, 2009 at 5:00 p.m. (Eastern Time) as the deadline to file proofs of claim (including claims under section 503(b)(9) of the Bankruptcy Code) against the Initial Debtors.

On December 18, 2009, a supplemental Property Bar Date Order was entered establishing February 10, 2010 at 5:00 p.m. (Eastern Time) as the deadline to file proofs of claim ("Property Proofs of Claim") against the Initial Debtors by certain parties residing adjacent to or in the proximity of the material manufacturing properties of the Debtors set forth on Exhibit "A" annexed to the Property Bar Date Order (the "Properties").

On December 2, 2009, the REALM/ENCORE Bar Date Order was entered establishing February 1, 2010 at 5:00 p.m. (Eastern Time) as the deadline to file proofs of claim (including claims under section 503(b)(9) of the Bankruptcy Code) against the REALM/ENCORE Debtors.

On April 18, 2013 the Court entered an Order closing the certain of the Debtors’ related cases. These cases are listed below. The Main Case shall remain open for the continued administration of the Debtors’ estates and any potential matters pertaining to the Administered Cases that may arise

 

More proof that GM went bankrupt:

Editor's note: Porter Stansberry first started reporting on the debacle at General Motors back in 2007, with a "tongue in cheek" letter from the company chairman. Since then, Porter's predictions have come true. The company went bankrupt, wiping out shareholders and bondholders. Today, you might think GM's problems are behind it. But as Porter shows, things are dire...



The Story No One Tells About One of America's Biggest Bankruptcies

By Porter Stansberry 

Thursday, June 21, 2012

 The GM situation is a microcosm of what's gone wrong in our country.

 In the June issue of my Investment Advisory, I argued that the bankruptcy process resolved none of GM's core problems. The process was subverted by the political establishment, which sought to protect one class of citizen at the expense of the regional economy, GM's bondholders, and its customers.

 If we can't apply the rule of law and sound economics to fixing one of the world's most important manufacturing concerns... it doesn't bode well for anyone else being afforded these privileges, either.  

 That's why it's so important for you to understand what happened.  

 Most people simply don't realize that the bailout of GM wasn't a bailout of the company. It wasn't a bailout of its shareholders, who lost everything... or its bondholders, who lost almost everything. Where did the money go? To the union. The United Auto Workers (UAW) ended up with all the money.  

 Let me show you how...

(continued here): http://www.stansberryresearch.com/dailywealth/2125/gm-americas-biggest-bankruptcy

Even Wikipedia had an article on it: http://en.wikipedia.org/wiki/General_Motors_Chapter_11_reorganization

Bankruptcy, Liability Claims Against GM:  June 21, 2013

http://todaysmachiningworld.com/bankruptcy-liability-claims-against-gm/

 

Second paragraph in this article:  The court-ordered mediation will be overseen by Judge James Peck, according to court papers filed Thursday in U.S. Bankruptcy Court in Manhattan. The dispute stems from a settlement made by the hedge funds regarding their investment in a Canadian unit of GM on the day of the automaker’s 2009 bankruptcy.
 

Read more: http://www.autonews.com/article/20130628/OEM/130629876#ixzz2bIhtodoc 

Last one for now:

http://www.seidmanlaw.net/Legal-Articles/GM-s-Bankruptcy.shtml

 

Have enough reading material yet? IOW, GM DID GO BANKRUPT...TWICE to be exact between 2009-2013. They're trying to wiggle out from under liability claims against them. 

;

The claim that GM was going bankrupt was AFTER 2009. It was in 2012 - FYI and

[ In Reply To ..]
GM is the top selling car maker currently. Your right-wing spinners and economist wannabes mean nothing.

Evidently, you didn't read any of the synopses nor go to links - Truthhurts

[ In Reply To ..]
The first bankruptcy started JUNE 2009 and just COMPLETED APRIL 2013.

"On JUNE 1, 2009, the following entities filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code (the "Initial Debtors"):"

"On 4/18/2013, the final decree was entered in the closing of the Chapter 11 BANKRUPTCY of "Motors Liquidation Company" et al, a/k/a GENERAL MOTORS CORP. et al."

And here's the link to the "prophetic" - article

[ In Reply To ..]
that was posted in 2012.

Toxic Right-wing Fool-Aid

Did I post a link to that article? Coulda fooled me. - Truthhurts

[ In Reply To ..]
I know I posted autonews, the bankruptcy document that was on line.

I'm pretty sure I posted all facts and not blog posts. Try looking at my links then come back and tell me their ALL "toxic right wing fool aid" or will you just pick and chose articles you wish to make a insulting post? Hm--m-m?

Who said you posted it? - not me

[ In Reply To ..]
You are the one who brought the subject back to the top. I merely stated in response to someone else that on this board, one of the RW doom and obama gloom projections was that GM was going down. This link was posted by someone. I didn't say you. It obviously was wrong, just like most of the other RW Fool Aid propaganda.

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