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Updated: 2:42 PM Jun 25, 2009
GM Bankruptcy Judge Opens Door to Billions
Much of the money for bankruptcy financing is supplied by U.S. government. Posted: 9:48 AM Jun 25, 2009Reporter: Associated Press |
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A bankruptcy judge says GM can have access to its full $33.3 billion in bankruptcy financing.
Judge Robert Gerber gave final approval to the financing on Thursday. He had given preliminary approval to GM using $15 billion of the total at a hearing earlier this month.
The billions in financing, which is largely being supplied by the U.S. government, is intended to keep Detroit-based GM going until it can sell its assets to a new company and emerge from Chapter 11.
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Independent Bank Updates
Independent Bank associate King-Fuller joins United Way Board of Directors
Robin King-Fuller, bank manager of Independent Bank’s Mason location, has joined the Mason Area United Way board of directors. King will serve a three-year term.
— Julie Morgan has been promoted to bank manager, & Garrett Bensinger has been promoted to assistant vice president.
Independent Bank associate King-Fuller joins United Way Board of Directors
In 2008, Independent Bank associates throughout Michigan worked with local community groups and schools to educate children and adults of all ages about the importance of money management, saving and financial responsibility.
