South Florida Bankruptcy Lawyer

General Motors Corp, over the years, has been responsible for building and selling millions of dollars in cars for the US population. The economy over the last few years has been declining severely and purchases for everyone has been slowing to a halt. Because of such a decrease in our economy, sales of all GM cars have been less than half of what they would usually sell by this time of the year.

The increase in gas prices has also helped to contribute to the decrease in purchases of GM vehicles. Not only is GM losing many sales from all over the US, but their stock prices are decreasing in the market rapidly.

GM is trying to currently recoup all the money they have lost, but things are looking like bankruptcy for this company. During their financial analysis, the company has to make $15 million in order to make up the money they lost and break even. GM has stated that bankruptcy has become possibility for the overall future of GM Corp.

For more information, contact the Palm Beach Bankruptcy Lawyers of Eric N. Klein and Associates at 561-353-2500.