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Posted On: April 22, 2010 by Scott Sagaria

General Motors Announces $8.1 Billion Payback After Chapter 13

A San Francisco Bankruptcy Attorney marvels at GM's loan payback after bankruptcy reorganization (aka filing Chapter 13 bankrutpcy)

After filing Chapter 13 bankruptcy Getting a 5 year jump on their payback deadline, GM announced today through sevearl news sources that they are returning the 8.1 billion to the government ahead of schedule. The speedy turnaround is said to be much due to labor cutbacks within their Chapter 13 bankruptcy reorganization last year.

GM took good advantage of the Chapter 13 bankrutpcy option and ran with it.

White House econmic advisor Larry Summers said, "This turnaround wasn't an accident of history. It was the result of considered and politically difficult decisions made by President Obama to provide GM and Chrysler -- and indeed the auto industry -- a lifeline, if they could demonstrate the will to reshape their businesses."

Bay Area consumers have the same lifelines available to them with bankruptcy options through Sagaria Law.

If you have questions regarding bankruptcy in San Francisco or bankruptcy in the greater Bay Area please contact our San Francisco Bankruptcy Attorneys at (415) 946-8882 for a free consultation or visit www.bkanswers.com and we can connect you with one of our experienced San Francisco Bankruptcy Attorneys. After you have spoken with one of our Bay Area bankruptcy attorneys, we can schedule you for a free face to face appointment in an office location nearest you. Our team of Bankruptcy Lawyers, Bankruptcy Customer Care Specialists and Bankuptcy staff supporting San Francisco and Bay Area consumers in debt can assist you with all aspects of your bankruptcy or bankruptcy litigation case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, or would like to learn more about bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, cram down, stopping a foreclosure, wage garnishment, asset protection, discharging a debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist you with all of your debt resolution questions. Please feel free to complete our free online bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy. We look forward to hearing from you, San Francisco Bay Area!

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Posted In: Chapter 13 Bankruptcy

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