Bankruptcy judge OKs GM sale plan
8:06 AM Mon, Jul 06, 2009 | Permalink
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NEW YORK -- A bankruptcy judge has ruled that General Motors Corp. can sell the bulk of its assets to a new company, potentially clearing the way for the automaker to quickly emerge from bankruptcy protection, according to The Associated Press. U.S. Judge Robert Gerber said in his 95-page ruling late Sunday that the sale was in the best interests of both GM and its creditors, whom he said would otherwise get nothing. 
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