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- Bankruptcy Probable for GM
- Rolfe Winkler, CFA submits: WSJ: General Motors Corp. still hopes to avoid a bankruptcy, but the option is becoming increasingly unavoidable as the company struggles to achieve key goals toward completing an out-of-court restructuring. by Rolfe Winkler, CFA
- External links 2009-04-17
- Will Bondholders Reject GM's Offer?
- Rolfe Winkler, CFA submits: This morning [[GM]] made an exchange offer to reduce its debt load. To avoid a bankruptcy filing, it said 90% of the company’s unsecured bondholders measured by the principal value of their holdings would have to accept stock in exchange for their bonds. ...
- External links 2009-04-27
- GM's Viability Plan: Trying to Shrink Quickly Via Debt Exchange Offer
- Rolfe Winkler, CFA submits: To survive, [[GM]] needs to shrink itself to a manageable size. Its new viability plan intends to do just that. The key provision of the plan is to reduce debt, swapping 225 shares of equity for each $1,000 outstanding principal of its unsecured...
- External links 2009-04-27
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