GM might still be headed toward Chapter 11
By Jim Puzzanghera
Graves predicted that few bondholders would accept GM’s current offer and said that he and other small bondholders think they would get a better deal from a bankruptcy judge. He hopes it won’t come to that but says it will be the fault of GM and the government if it does.
“If they continue down this path, then they’re the ones who are forcing this into bankruptcy,” he said.
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