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Visteon’s reorganization proposal has divided creditors owed at least $2.8 billion. Bondholders, who are sponsoring the plan, would own 95 percent of Visteon, with current shareholders getting the rest.

Tags: Bankruptcy, Bondholders, Creditors, Current, Exit, Reorganization Proposal, Shareholders, USD, Visteon, Vote

Lear Corp. emerged from Chapter 11 bankruptcy today under the ownership of its secured lenders and bondholders after four months under court protection.

Tags: Advance Work, Bondholders, Chapter 11 Bankruptcy, Exit, Four Months, Lear Corp, Lenders

A group of dissenting bondholders told a U.S. Bankruptcy Court judge today that General Motors’ proposed asset sale to the government should be blocked because it is not “a genuine sale.”

Tags: Bankruptcy Court, Bondholders, Court Judge, Creditors, General Motors, Gm

A group of dissenting bondholders told a U.S. Bankruptcy Court judge today that General Motors’ proposed asset sale to the government should be blocked because it is not “a genuine sale.”

Tags: Bankruptcy Court, Bondholders, Court Judge, Creditors, General Motors, Gm, U.S. Bankruptcy Court

General Motors would be forced into liquidation if its proposed asset sale were not approved despite urging from dissident bondholders that another course be pursued, the company’s lead bankruptcy lawyer said today.

Tags: Bankruptcy Lawyer, Bondholders, General Motors, Gm, Liquidation

A U.S. bankruptcy judge has denied a request from a small group of General Motors bondholders to become an “official committee” in the bankruptcy case.

Tags: Bankruptcy Case, Bankruptcy Judge, Bid, Bondholders, General Motors, Gm, Investors, Small Group, United States

A U.S. bankruptcy judge has denied a request from a small group of General Motors bondholders to become an “official committee” in the bankruptcy case.

Tags: Bankruptcy Case, Bankruptcy Judge, Bondholder, Bondholders, Committee Request, General Motors, Gm, Small Group, United States

A U.S. bankruptcy judge has denied a request from a small group of General Motors bondholders to become an “official committee” in the bankruptcy case.

Tags: Bankruptcy Case, Bankruptcy Judge, Bid, Bondholders, General Motors, Gm, Investors, Small Group, United States

A small group of General Motors bondholders formally objected on Friday to the automaker’s plans for a speedy sale of its assets in bankruptcy court.

Tags: Assets, Automaker, Bankruptcy Court, Bondholders, General Motors, Gm, Sale Strategy, Small Group, Speedy

A small group of General Motors bondholders formally objected on Friday to the automaker’s plans for a speedy sale of its assets in bankruptcy court.

Tags: Assets, Automaker, Bankruptcy Court, Bondholders, General Motors, Gm, Sale Strategy, Small Group, Speedy

A small group of General Motors bondholders formally objected on Friday to the automaker’s plans for a speedy sale of its assets in bankruptcy court.

Tags: Assets, Automaker, Bankruptcy Court, Bondholders, General Motors, Gm, Sale Strategy, Small Group, Speedy

General Motors has tens of billions of dollars in government backing, a grudging labor peace and the support of its big bondholders as it gets ready for what is intended to be a swift dash through one of the biggest bankruptcy cases in U.S. history.

Tags: Bankruptcy Cases, Billions Of Dollars, Bondholders, General Motors, Gm, Gm Motors, Labor Peace, Tens, United States

General Motors has tens of billions of dollars in government backing, a grudging labor peace and the support of its big bondholders as it gets ready for what is intended to be a swift dash through one of the biggest bankruptcy cases in U.S. history.

Tags: Bankruptcy Cases, Billions Of Dollars, Bondholders, General Motors, Gm, Gm Motors, Labor Peace, Tens, United States

General Motors finished a key piece of business on Saturday before a bankruptcy filing planned for Monday as the deadline expired for bondholders to accept an exchange offer brokered by the Obama administration.

Tags: Bankruptcy Filing, Bondholder, Bondholders, General Motors, Gm, Obama administration

A majority of General Motors bondholders have agreed to a debt-for-equity exchange, smoothing the way to a bankruptcy filing expected on Monday, a source familiar with the voting said today.

Tags: Bankruptcy Filing, Bondholders, General Motors, Gm, Smoothing The Way

General Motors and the U.S. government finalized plans on Sunday for the automaker to reorganize, as a majority of debtholders helped clear the way to a massive bankruptcy filing Monday.

Tags: Automaker, Bankruptcy Filing, Bondholders, General Motors, Gm, Smooth, U.S. government, United States

General Motors will find out today if investors holding $27 billion in the automaker’s bonds will accept an exchange offer as it races to tie up loose ends before a bankruptcy filing Monday.

Tags: Automaker, Bankruptcy Filing, Bondholders, Bonds, General Motors, Gm, Investors, Loose Ends, USD

General Motors today finished a key piece of business before a bankruptcy filing planned for Monday as the deadline for bondholders to accept an exchange offer brokered by the Obama administration expired.

Tags: Bankruptcy Filing, Bondholders, Creditors, General Motors, Gm, Obama administration

Advisers to General Motors bondholders representing $27 billion in the automaker’s debt urged investors today to support a debt swap negotiated over the past week with the Obama administration.

Tags: Automaker, Bondholders, Debt Deal, General Motors, Gm, Investors, New Deal, Obama administration, USD

The Obama administration plans to inject $30 billion into General Motors on top of the $19.4 billion it has already lent as part of a sweetened offer to bondholders, senior administration officials said today.

Tags: Administration Officials, Bondholders, General Motors, Gm, Invest, Lent, Senior Administration

The Obama administration plans to inject $30 billion into General Motors on top of the $19.4 billion it has already lent as part of a sweetened offer to bondholders, senior administration officials said today.

Tags: Administration Officials, Bondholders, Creditor, General Motors, Gm, Invest, Lent, Senior Administration, The Obama administration, United States, USD

General Motors said today it had reached a deal with some major bondholders that would give them a bigger stake in a reorganized automaker and could pave the way for a fast-track bankruptcy backed by the U.S. Treasury within days.

Tags: Ahead, Automaker, Bankruptcy, Bondholders, Fast Track, General Motors, Gm, Stake, U S Treasury

General Motors has failed to persuade enough bondholders to accept a debt-for-equity swap, setting the stage for the largest-ever U.S. industrial bankruptcy by the end of this month.

Tags: Bankruptcy, Bond Exchange, Bondholders, Equity Swap, General Motors, Gm, Gm Bond, Target, United States

General Motors has failed to persuade enough bondholders to accept a debt-for-equity swap, setting the stage for the largest-ever U.S. industrial bankruptcy by the end of this month.

Tags: Bankruptcy, Bond Exchange, Bondholders, Equity Swap, General Motors, Gm, Gm Bond, Target, United States

General Motors has failed to persuade enough bondholders to accept a debt-for-equity swap, setting the stage for the largest-ever U.S. industrial bankruptcy by the end of this month.

Tags: Bankruptcy, Bond Exchange, Bondholders, Equity Swap, General Motors, Gm, Gm Bond, Target, United States