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G.M. Boss: Bankruptcy an Option

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New CEO Fritz Henderson says on "Meet the Press" the company is planning for a possible Chaper 11.

"Our preference is to (restructure) outside of a bankruptcy process. But it would only be prudent to make sure that we’re planning for – if we need to resort to that, that we can move ... fast.”

Geithner: Automakers will require "very substantial restructuring."

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