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online.wsj.com - 6/2/2009

Filings Reveal Depth of Problems

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Interviews with people affected by GM's bankruptcy.

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calculatedriskblog.com - 6/7/2009

Consumer Bankruptcy Filings up Sharply

— calculatedriskblog.com — From the American Bankruptcy Institute: Consumer Bankruptcy Filings up 37 Percent in May U.S. consumer bankruptcy filings... rose 37 percent nationwide in May from the same period a year ago, according to the American Bankruptcy Institute (ABI), relying ... (more) Consumer Bankruptcy Filings up Sharply

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Comments vote downundo vote up Economist's View found this 6/7/2009found this

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usatoday.com - 6/4/2009

Bankruptcy filings rise to 6,000 a day as job losses take toll

— usatoday.com — While well below the record 2 million filings in 2005, the number of filings is up sharply... from last year's 1.1 million, says Robert Lawless, professor of law at the University of Illinois. Bankruptcy filings took a dramatic nose dive after a 2005 ... (more) Bankruptcy filings rise to 6,000 a day as job losses ...

Day Trader

University of Cambridge

Comments vote downundo vote up The Mess That Greenspan Made found this 6/4/2009found this

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globaleconomicanalysis.blogspot.com - 6/6/2009

Bankruptcy Filings Reach 6,000 A Day

— globaleconomicanalysis.blogspot.com — The USA Today is reporting Bankruptcy filings rise to 6,000 a day as job losses take toll... . Consumer and commercial bankruptcy filings are on pace to reach a stunning 1.5 million this year, according to a report from Automated Access to Court ... (more) Bankruptcy Filings Reach 6,000 A Day

Day Trader

University of Cambridge

Comments vote downundo vote up UpsideTrader found this 6/6/2009found this

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GM News
Calculated Risk — Just some excerpts ... From the WSJ: Filings Reveal Depth of Problems General Motors Corp.'s $82.2 billion in assets and $172 billion in liabilities spell out the extent of its problems and sheer breadth of the 101-year-old giant's bankruptcy. In a torrent of filings at the U.S. Bankruptcy Court in Manhattan, GM's mind-numbing scale is evident: It has 463 subsidiaries and has built 450 million cars and trucks over the years. It employs 235,000 people worldwide. This includes 91,000 in the United States, which it pays $476 million each month, and 493,000 ...

GM's Inglorious Conclusion
Mish's Global Economic Trend Analysis — ... and build alternative-fuel models for the brand at some point. The purchase price will also be withheld. If GM had not found a buyer by early June, Hummer would likely have been killed in bankruptcy court, one person involved in the deal. GM found an investor for its Opel brand over the weekend -- Magna International Inc. -- and is seeking buyers for Saturn and Saab.Anyone dumb enough to buy the Hummer deserves to follow GM into bankruptcy. Filings Reveal Depth of Problems General Motors Corp.'s $82.2 billion in assets ...