Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: 2ndDivisionVet
Here's the Big picture. Expect to see bankruptcies to GM suppliers as they will not get paid on outstanding balances. This will add additional pressure to the economy which will by painful.
11 posted on 06/01/2009 4:04:26 AM PDT by G3
[ Post Reply | Private Reply | To 1 | View Replies ]


To: G3

Paid for outstanding balances? According to bankruptcy laws, they can go back 90 days and seize payments made to suppliers.....


14 posted on 06/01/2009 4:11:33 AM PDT by joe fonebone (When you ask God for help, sometimes he sends the Marines.)
[ Post Reply | Private Reply | To 11 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson