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#53 Planet Money: GM Loves Bankruptcy

#53 Planet Money: GM Loves Bankruptcy

Planet Money vor 17 Jahren

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Chapter 11 bankruptcy is a wonderful tool, says GM CFO Ray Young, whose company is now in the process of restructuring. And hey, it went so well for Chrysler.

If you happen to be one of the jilted creditors, bankruptcy doesn't seem quite so wonderful. Clown Mandy Dalton says a mall operator that went bust still owes her $200 for a family fun day. She talks it over with bankruptcy lawyer Jay Strock.