7 May 2010, 14:47 UTC · By: Daniel Patrascu / The strongly debated reorganization plan filed by Visteon as part of its bankruptcy process was amended by the supplier today and submitted with the US Bankruptcy Court for the District of Delaware ...
24 Jun 2009, 13:29 UTC · By: Daniel Patrascu / A group of small investors who requested to be granted the role of official committee in GM's bankruptcy case received a negative answer today from a US bankruptcy court judge, as he dismissed ...
29 May 2009, 10:00 UTC · By: Daniel Patrascu / The last ditch effort made by GM to come to an an agreement with its bondholders over the $27.2 billion debt has hit a brick wall, at least as far as the Main Street Bondholders are concerned. The g...
28 May 2009, 14:47 UTC · By: Daniel Patrascu / General Motors, heavily supported by the US Treasury Department is now trying to make a last ditch effort to save itself from a long and costly bankruptcy process. After the initial exchange offer b...
28 May 2009, 07:00 UTC · By: Daniel Patrascu / General Motors has officially confirmed that it did not manage to swap the $27 billion debt for shares in the new company. The confirmation came as a result of the expiration of the exchange offer, ...
27 May 2009, 10:28 UTC · By: Daniel Patrascu / As we told you earlier today, the deadline set for GM's bondholders (to accept or decline the swap of a $27 billion for a 10 percent stake in the reorganized company), came and went last night....
27 May 2009, 06:51 UTC · By: Daniel Patrascu / General Motors is now going through its final days, as the deadline set by the US government looms ever closer. The manufacturer has one major obstacle ahead, an obstacle no one yet knows if it has ...
22 May 2009, 14:45 UTC · By: Daniel Patrascu / The prospects of the second American manufacturer entering bankruptcy next week has raised concerns with all the parties involved. The Main Street Bondholders Coalition, a union of GM's small b...
30 Apr 2009, 08:00 UTC · By: Daniel Patrascu / GM's new survival plan, presented at the beginning of the week along with the manufacturer's debt for equity, has displeased its bondholders in such an extent that now they have drafted th...
29 Apr 2009, 08:45 UTC · By: Daniel Patrascu / The public exchange offers made by General Motors, which have stirred numerous complaints from its bondholders have been approved in Europe, as the United Kingdom Listing Authority has given the gre...
29 Apr 2009, 07:17 UTC · By: Daniel Patrascu / How do you call a bunch of dead lawyers on the bottom of the ocean? A good start...Ok, that's perhaps one of the worst lawyer jokes out there. But it's about what the American taxpayers wi...
28 Apr 2009, 15:43 UTC · By: Daniel Patrascu / As we told you earlier today, GM has posted yesterday its public exchange offer for $27 billion of its unsecured public notes. As was to be expected, the bondholders came together in an ad-hoc commi...
14 Apr 2009, 14:31 UTC · By: Daniel Patrascu / As we informed you in our previous reports, GM is taking small and steady steps, guided by the US Treasury Department, towards entering court supervised bankruptcy. Still, the US governments' h...