Treasury to GM: Prep for Bankruptcy

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GM directed to lay the groundwork for a filing by the June 1 deadline, despite the company’s contention it could reorganize out of court.

The goal is to prepare for a fast “surgical” bankruptcy. Obama auto task force to continue talks with GM officials this week.

Plus: WSJ: Bondholders have begun preparing arguments against the bankruptcy plan.

Related Topics: News, The Page

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