The latest news on bankruptcy
Ahead of an Obama administration deadline, the Detroit carmaker says it will close 13 plants.
Ford posts a big loss but says it has the cash, for now, to keep going.
Here are 9 factors to consider before taking the plunge.
Obama said the carmakers need more radical changes to prevent them from becoming "wards of the state."
A recent report ranks states based on bankruptcy filings, which rose by 31 percent nationally in 2008.
Today, facing a deepening downturn, many cities are struggling to avoid default—or even bankruptcy.
Predictions could spark a GM bankruptcy that otherwise wouldn't have occurred.
They didn't make the case for the billions.
The company would stay in business—and undergo real reform.
Even workers with pensions are not guaranteed a secure retirement.