With a debt of $172.81 billion and only $82.29 billion in assets, General Motors are filing for chapter 11 bankruptcy protection.
With the bankruptcy protection, the company does not go bankrupt, but will be trimmed to again make profits and sell off the parts of the company that don't make profits. It will continue brands like Chevrolet, Cadillac, Buick and GMC, while the rest will most likely be sold off.
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With a debt of $172.81 billion and only $82.29 billion in assets, General Motors are filing for chapter 11 bankruptcy protection.
