bankruptcy protection

Yep.

We’ll never see that money again. And certainly not 5 years ahead of schedule.

Just like we’ll never see the TARP money again.

The Detroit area will lose thousands of jobs as General Motors tries to rebuild the company. GM filed for bankruptcy protection Monday.

GM's global headquarters is in Detroit, and union members and area residents are concerned about what the company's bankruptcy means for them.

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General Motors says it's confident it can steer a course through bankruptcy court, and emerge as a leaner, more competitive automaker.

The company filed for bankruptcy protection Monday. The federal government is helping GM with another $30 billion in aid.

That will make the government the company's majority shareholder.

The German toy producer Marklin makes model trains loved around the world. But the 150-year-old firm is now seeking bankruptcy protection, a victim of the global recession and alleged company mismanagement.

Some believe avid fans of the trains could save the endangered toymaker.

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