Chapter 11.... that's where all the suppliers go out of business for failure of GMC to pay them, legally.
Guess the writting might have been on the wall... oh way back around '92 when we all got screwed with GM not paying the likes of TRW and other tier one suppliers for over a year. Call it free restructuring then to the tune of 40 some billion. Of course that got passed down to the tier 2 lads like us that didn't get paid for over a year and a half. Of course companies like ours where still expected to pay for raw materials in 90 days or less and our employees weekly..... MANY didn't survive that! Many many more aren't gonna survive this round!!