With the emergence of two domain names GM has registered recently (gmrestructuring.com and gm-restructuring.com), it is becoming clearer that the carmaker is moving toward a filing of Chapter 11 bankruptcy protection before this month ends.
Although the sites are still empty, they are similar to the sites that Chrysler utilized to provide information since it filed Chapter 11 itself. If GM cannot restructure its bond debt, strengthen agreements with union workers and demonstrate that it can be viable before the government set deadline in June 1, then it will have to resort to a filing of Chapter 11 bankruptcy protection.
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