June 1, 2009
General Motors files for Chapter 11 bankruptcy. It is the fourth largest United States bankruptcy in history.
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Source: Wikipedia (CC BY-SA)
On June 1, in the year 2009:
General Motors files for Chapter 11 bankruptcy. It is the fourth largest United States bankruptcy in history.
The 2009 General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through Chapter 11, Title 11, United States Code in the United States bankruptcy court for the Southern District of New York.
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Source: Internal
Why June 1, 2009 matters:
General Motors files for Chapter 11 bankruptcy. It is the fourth largest United States bankruptcy in history.
What began on this day left a lasting mark on history. The effects were felt immediately and continued to shape events, ideas, and lives long afterwards.
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Source: Internal
Historical context: June 1, 2009
The 21st century has already seen profound shifts: the digital revolution has connected billions while reshaping politics and culture; climate change has emerged as a defining crisis; and new powers have risen to challenge the world order that followed the Cold War.
The event on this day: General Motors files for Chapter 11 bankruptcy. It is the fourth largest United States bankruptcy in history.
Source: https://en.wikipedia.org/wiki/General_Motors_Chapter_11_reorganization (Wikipedia, CC BY-SA)
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