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Middle Market Lessons from General Motors’ 39 Days in Bankruptcy

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A midsize company can learn from the difficulties other businesses have gone through. Focusing strictly on GM's bankruptcy case, a company can learn some valuable lessons about how planning and focused decision making can turn a terrible situation into something more palatable. We should view the case as a great example of the possibilities for reviving an insolvent business. All companies should take a page from the playbook of GM's distressed team: objectively evaluate the basic business model and prepare to execute on plans that will allow the core business to survive. This is particularly important for midsize companies.

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