Is General Electric Filing Bankruptc? ATL Law 404-800-4001
Share This Post
Is General Electric Filing Bankruptcy?
It doesn’t come as a surprise when news of GE’s finances being in the toilet yet again. GE has struggled for years to financially structure their company. If you keep up with the stock market, you’ve obviously seen the GE stocks have been plummeting for weeks on end. The company has been struggling with debt for years, however, they do have assets that may save them from liquidation. A chapter 11 filing is currently in talks as a way to, yet again, reconcile their debt. So what’s next for GE? Should we expect a upcoming bankruptcy in the year of 2019? All of these questions will be answered in this article so keep reading!
Is Bankruptcy Realistic For General Electric?
The short answer is yes, absolutely. In fact, filing a chapter 11 is already in the talks of General Electric. This wouldn’t be the first time GE has gone through a filing either. Right now, GE’s stock value is even less than Lehman Brothers was, which may be the biggest bankruptcy filing in history. Don’t be surprised if we see a Chapter 11 filing in the beginning months of 2019.
Call ATL Law Today! 8-DEBT-RESET (404-800-4001) and Get a 100% FREE Consultation
If you or you company need to file bankruptcy, we are the firm for you. Call 404-800-4001 to get get your car back, stop your foreclosure, and stop/reverse you wage garnishment. We handle foreclosures, bankruptcy, personal injury, family law, corporate law, and litigation.