GM hires bankruptcy lawyers - report
. Miller is a "bankruptcy veteran," according for the Journal.
GM (GM, Fortune 500) continues in order to be burning through money as sales plummet and credit remains tight. First Published: December 11, 2008: 7:36 PM ET
The Wall Street Journal reported late Thursday that will GM features tapped Harvey Miller regarding The Large Apple law firm, Weil Gotshal & Manges LP, in order to handle any potiential bankruptcy filing.
GM has additionally reached out to "restructuring veterans" Jay Alix associated with Questor Management Company, Evercore Partners' William Repko, and also Blackstone Group's Arthur Newman, the particular Journal said. the automaker features said it's going to run out of operating money next season in the event the government loans aren't approved.
NEW YORK (CNNMoney.com) -- General Motors features reportedly hired bankruptcy lawyers and restructuring consultants as lawmakers still debate your terms of your achievable bailout in עורך דין הוצאה לפועל תל אביב the ailing automaker.
Last week, your Journal reported which Chrysler LLC hired bankruptcy law firm Jones Day.