Bankruptcy of General Motors

Abstract

The bankruptcy of General Motors was
historical, not only because of the size but also because
of the political nature of the process. The federal
government was influential in the process which
provided an outcome unique in the history of
bankruptcy. This paper explores the implications of the
General Motors bankruptcy on stakeholders especially
those who unknowingly were exposed to risk. This
paper puts into perspective how detrimental major
bankruptcies can be, and it refutes the notion that only
those who take a calculated financial risk are the only
ones adversely affected by a bankruptcy.