News tagged with 'Bankruptcy'

General Motors passed another hurdle as it heads toward a sale free and clear of product liability claims by some 300 individuals. The judge says the sale is in the best interest of creditors and GM and is a better alternative to liquidation. 

Comcast, the largest cable-television corporation, has pulled ads critical of General Motors bankruptcy plan that leaves injured consumers or their survivors uncompensated.  The media giant says it wants to check them for accuracy, even though the New Chrysler required it be "free and clear of all liens and claims” as a condition of bankruptcy. 

New television ads will begin running in the Washington D.C. market urging Congress and President Obama to take action to protect people injured by defective automobiles who have no recourse through the courts under the Chrysler/GM  bankruptcy.

Now that consumers have been told about the New Chrysler's plan for removing all product liability under its bankruptcy proceeding - what remedies do they have? 

Many Americans are facing financial ruins due to high medical bills. A new study published in The Journal of American Medicine, finds more than 60 percent of personal bankruptcies in the U.S. are the result of medical bills.