05/28 GM Still on Road to Bankruptcy despite Bondholder Deal

05/28/09 General Motors reached a deal with bondholders that would convert debt into an equity stake in the company, briefly leading to hopes that bankruptcy had been avoided. However, that does not seem to be the case.

NYFP | May 28, 2009

Tags:. .bondholders. .bankruptcy. .stake. .equity. .general motors