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Particulars of the federal government’s involvement in, and approval of, GM’s bankruptcy plan, (formulated by Treasury Secretary Geithner, the Auto Worker’s Unions, (UAW), and technically, GM’s administration), that were submitted to the Bankruptcy Court for approval, have been the figuring out factors deciding whether GM can be compelled to liquidate, or allowed to file beneath Chapter 11 phrases and emerge from the filings as a brand new firm – to proceed enterprise.
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